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I'm wondering if the recent surge in paid directories may have caused Google to place less value on these. Honestly, most paid directories are nothing more than a paid link. No different than what Google has preached against.
I've also noticed many directory listings not showing up in backlinks of sites. These directories have one thing in common - they take money. Wondering if anyone else has seen this trend.
A niche directory that someone else has worked hard on to get good organic listings (or paid listings for that matter) may well be a bargain for someone that is looking for a boost in qualified traffic.
G may or may not value the links in a directory, but that seems like the wrong question to be asking. Is the directory giving you traffic?
WBF