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I have a site that's #1 for its search term and it has a grey bar. It's a new site and this is its first month in Google.
1) Make sure the listing has no "fresh" date.
Sometimes pages with some pretty decent internal factors combination pops in the way of higher PR pages. This is a temporary situation.
check the sites with "WWW." - in many cases checking without "www."
2) Make sure the URL you are checking PR on is the same as in Google's serps.
Not only google considers it as different entities, but there is a lot of redirect "tricks" out there.
Also, could be a temporarly glitch...
To add more intrigue, Google crawled it during the few seconds before the site went live, so the description is a hosting company error. So, I'm #1 and it's almost useless because the description is wrong. It's nice to get backlinks from PR5 sites in error though. :) It does have one legit PR5 link. So, I guess a new site getting three links from PR5 sites can get you to #1 even though for a week or two, you might see a grey bar. Perhaps the grey bar is just in limbo waiting for calculations.