Forbin001 - 3:48 am on Jun 18, 2011 (gmt 0)
My site did take a bit of a hit but stayed rather stable. Its important to build several linking strategies to your site. On my site I have 3 different link building techniques. Free directories, articles, 3 way links. Think of it as a 3 legged stool. If you sit on it it will not likely fall over.
Googles algo updates can be rough, but if you diversify your links, you should survive it fairly intact.