Roolio - 4:01 pm on Jun 3, 2011 (gmt 0)
I've seen some changes in the UK for various verticals. The results are still full of garbage (including lots of US and Australian sites that are useless to the UK-buyer in the market I'm looking at).
A site who was hit badly by Panda (one of the top 100 'losers' according to a list published on several sites) has started ranking for a particular search that they didn't rank well for before Panda. What's interesting is that they are ranking very well for every brand and colour of widget for this search combination and their site isn't actually relevant for these searches! The phrases they were ranking well for and suffered a drop after Panda haven't yet recovered to pre-Panda levels.
Not sure at all what this means, but there are still lots of changes happening from what I can see.
I think a lot of people need to realize that the Panda update is not finished yet. Google is constantly testing and tweaking until they are satisfied. It's ok to keep track of the changes from time to time but it's too early to make a final conclusion on the SERPS. One thing is for sure, this update is affecting a lot of sites with duplicate content or other bad quality sites. So if you have one of those sites, you better change your site (or better, write your own original content) instead of keeping track of all the little changes the entire day.