BillyS - 1:58 am on Apr 27, 2012 (gmt 0)
We were hit with this penalty too. The interesting thing is our content is very high on the page. Our information starts around 110 pixels from the top. We had a search box above the content, which we moved to the side but we've seen no recovery either. It's just remarkable. Our navigation is on right, which is unusual and I'm wondering if that's throwing off Google.
I'm thinking these penalties do not go away easily. It's like getting thrown in the sandbox again, it could take months to recover after a fix is in place.