tedster - 9:47 pm on Jun 3, 2010 (gmt 0)
Although I haven't tested this rigorously, my gut check and my experience says all the anchor text will be taken into account.
I can why a html page would link to various pages with the same anchor text
Exactly. It may not be the best thing to do, but it certainly happens, especially on large, fast moving sites. Google would want to use those relevance signals.