snickles121 - 6:49 am on Jan 26, 2012 (gmt 0)
I just geotargeted a few months back by placing those pages in sub folders and then targeting them in google webmaster tools. If you do this make sure you name the directories correctly as specified with Google.
Now traffic stayed the same for those countries for about a month, then crashed a month later, then finally jumped up slightly at the beginning of this month. In the long run I think I saw a increase in traffic for those countries overall of 5 to 10 percent from when it was not targeted.