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Its' obvious what they are doing, especially since they constantly change their file names. However, in looking at some of the categorical pages one could argue there may be a genuine value there. For example, I looked at the real estate category and saw a list of real estate websites. While they weren't celarly broken down by geographical region, they did resemble a SERP you may see from some directory or a broad search such as 'real estate'.
My questions is, what is everyone's opinion of LinksToYou? Would Google PR0 you for using it? Would Google even care?
The problem I have is while some may argue it has a bona fide value, why is it every website I see links to it via small, obscure icons on the bottom of their websites. If it was genuinely valuable content, don't you think it would at least get more prominent placement? Or at least be in the main copy of the page?