seoArt - 2:38 pm on May 21, 2012 (gmt 0)
I am pretty sure we got hit from Penguin because of too many kw phrase anchor text links from loosely related websites.
Since penguin hit, I have filed a reinclusion request, which I know probably won't do any good, but it probably wont hurt - just in case we did get some type of manual penalty somewhere along the line.
I have also been diligently sending link removal requests, and to my surprise, I have gotten many of the questionable links taken down.
The problem is, my site is old (2003), and it has tons of incoming links, most of which are natural. I just hope I can tip the scales back in our favor.
I will post an update if anything changes.