tedster - 5:58 am on Jan 25, 2012 (gmt 0)

I'm still not clear if we have a per-page demotion, a per-website demotion, or a per-search-term demotion. In other words, did only some pages lose traffic, or did every page? A different question would be, did only some search terms lose traffic and other search terms pointing to the same page maintaining their previous level?

Can anyone who has seen an impact from this update clarify what they see?