MikeNoLastName - 8:20 am on Dec 27, 2011 (gmt 0)

>>That's not the way I see Google actually working these days. If that link isn't in a content area of the template,<<

Hmm, So you're of the opinion that they are demoting internal navigational links/anchors somewhat? WOULD make sense.
I would just think that at some point, it would tend to compete with your home page links if you placed it anywhere near the top of the page.