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buckworks - 6:17 am on Feb 5, 2009 (gmt 0)
We know that Google looks for "signals of quality", and having too many broken links would send exactly the wrong message about the quality of your site.
Broken links create a bad experience for users, so they will probably hurt your SEO too.
Invest some time once in a while to find and fix broken links on your sites. We THINK it will please Google better, and we KNOW it will please your users better.