Forum Moderators: open
Nothing you do in link text is going to affect PR directly. PR is affected by pages which link to your page, and how much of their PR they pass when doing so, based on the number of links on their page.
Reversing the words as you have shown will simply make the page linked-to as "The Widget" show up as more relevant to a search for "The Widget" when quoted (assuming that the page title, description, and content supports the link text) than the page linked-to using "Widget, The". But since "the" is a stopword, it will be ignored if the search phrase is not quoted.
HTH,
Jim