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jinxed - 3:57 pm on Jun 7, 2011 (gmt 0)
I guess I would also describe my situation as the same as this, and I also only really monitor the .co.uk rankings and have .co.uk domains.
My rankings fell only a few spaces on the key worldwide panda dates, but the traffic differences from #1 to #3 (and similar position drops) can mean a big slump in traffic.
I have made a near total site redesign for one of my main sites and I am now seeing a positive effect in rankings.