tedster - 2:56 pm on May 18, 2011 (gmt 0)
Nobody knows for certain what has to be done. Reports of real recovery are extremely rare and the steps those webmasters give credit to are not consistent. Almost everything we read about "how to respond to Panda" is theory and experiment at present.
With one exception (make a healthy amount of content visible immediately when the page loads) I can sum up the rest of my advice in just one sentence: your content should not suck!
So I would not suggest throwing away anything of value, such as real backlinks to real content that visitors really like. Doing that seems suicidal to me. Improve the page if you want - better writing, better formatting, better visitor engagement and service in any way you can come up with.