goodroi - 9:07 am on Jan 27, 2011 (gmt 0)
i think it also depends on internal links & external links. i personally like to use the anchor text for deeper internal pages that link back to the main page. shows google that you have a big amount of material all related to red widgets.
i am cautious when linking to external pages. imagine you have a reciprocal links with your competition and they stop reciprocating. this could make google think your competition is the authority and you arent. that is why you need to be a bit more careful when selecting external pages to link to with the anchor text.