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site.com/cheap-widgets.asp <-- works great
site.com/cheap-widgets.asp?widgetid=xyz <-- lately translates to a pr of zero and doesn't pull as much traffic as the static looking page name.
That's what I see with my stuff.
I have seen lots of ASP dynamic URL with PR though. Go to any of the MSN websites, i am sure you will see some of them having PR.
As for ranking, my site ranks quite well. But I am sure I am missing out on the PR4 self-linking boost from the 5000+ dynamic pages I have.
I am starting to doubt the "id" combination having a negative effect on SERP. I have seen many sites that are ranked well even with "id" in their querystring.