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When/if Google show new or different backlinks to a site (or even update the toolbar PR), they would have already been incorporated into the SERPS. (I have seen some suggest as long as two week peviously, but I have no idea if this is correct)
If we can determine that then we can all go and check.
pinging www.google.akadns.net 22.214.171.124
backlinks on that test site now gone up to 1260
May all your search terms be No.1