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How to find such guestbooks?.. simply search for guestbook.htm in Google ;)
Mc
Currently, yes. You can even use your preferred anchor text in some guestbooks.
>>On worst case sceanrio, will the losses be more than gains?
I think we may see guestbook links ignored but not penalized. If this is the primary source of PR, then there's quite a bit to lose.
I'd concentrate on getting quality links that may also send some visitors your way.
I understand, anything overdone is not good. But presently is there any technique/filters used by google, by which it'll know that a site is using Guestbooks primarily to get its PR and ignore them? Also when a site is targetting non-competitive Phrases, where just by getting a PR of 3 will be sufficient to get top ranks, isn't this method effective?
Thanx
Mc
It seems to be very effective for now. But as tigger suggests, it may be something that Google is currently trying to work out.
It may be a fast way to break into the top spots, but I wouldn't count on this to maintain those rankings.