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tedster - 9:15 pm on Dec 23, 2011 (gmt 0)
Clearly the "below the fold" issue is heavily dependent on what the exact query phrase is (as well as the resolution set for the monitor itself.)
If you aim to rank for a phrase that triggers Local results (Places pages especially), or Products or all manner of Universal Search blended results, then there may not be a lot of above the fold real estate to aim for. That's just the reality.