walkman - 11:32 am on May 23, 2010 (gmt 0)
To me it looks like everything done in the last 3/6 months has been discounted, which would explain the above. I dont think I'm alone either as there have been similar comments on this thread.
I have said the same thing. If you read many comments you will that many talk about 'links not being counted yet' or 'trust still being held back until re-evaluated.' A lot of people have the same issues. I rank for my site name, get fresh cache and everything. Basically I rank at -6 months level
Maybe Google decided to to apply a sandbox to new links at higher than normal rate? Who knows, but the version where all links are counted exists. I know because I see the very good referrals.