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I was told that Google can penalize you if you write about PageRank on your webpages.
Is that real?
only write about it, if you are 100% sure of what,how,when PR operates, and if that is the case then you should be a very wealthy man :)
There are things which you just should not do, your post highlights 1 of them.
How many more have been written and have been penalised?
As long as the information is unique, accurate and references sources, then it is valuable content and nothing can be critised about it.
Like perkoch said, it would be a bad PR (public relations) move for Google to sensor this kind of content.