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Receptional_Andy - 8:08 pm on Mar 25, 2009 (gmt 0)
My expectation is that the worst you may see is a minor blip in rankings, with everything returning to normal. To be honest, I've had pages retuning errors for much longer than a day which were not affected in rankings. I think Google's thinking is that taking any severe action for a (likely temporarily) unavailable page would be counter-productive, and I would agree with that. Of course, you'll have missed some crawling which may have a slight impact, and if there are any differences between the old and new, you may have other problems.
I've found Google to be extremely forgiving of downtime, particular if the pages are either entirely unavailable, or return a 50x HTTP status (e.g. 503 Service Unavailable).