canuckseo - 6:18 pm on Nov 15, 2012 (gmt 0)
Thought I'd add my 2 cents for an update. Thinks are leveling off. Was definitely an update aimed at web design and SEO/SEM related terms (at least that's what i'm seeing). Have many other clients and the only 2 sites seeing declines are in this industry.
I don't think it was necessarily targeting backlinks, but i'm sure that was part of it. That's because 1 phrase I've always ranked top 2 for naturally for months that I've never done linkbuilding for dropped off a cliff as well as terms I did target with links.
Things have stopped dropping and in some cases improved slightly. Still seeing lots of forums and crap directories in the results but less google groups results.