vegasgirl - 8:43 pm on Jun 23, 2010 (gmt 0)
So the conclusions:
<noscript> links does pass PR juice.
G does not recognizes spam links (nothing in the algorithm find it suspicious that all the links to this site are from pixel gif or noscript).
G ignores spam report on this site.
Which means we might see others do the same thing. As long as it's working, there's a lot of money in it.
I think by now they should have just cancel the green pixels PR bar....