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Geez, you people who doubt me need someone to do your homework? I can't believe that I answered this question way back and you guys still don't get it.
Take a look at the Yahoo India directory mirror, it features direct links without redirects. Getting into the Yahoo directory will pass PR from the mirrors. Period. End of discussion.
Please someone allow us to add a vote option on here or allow someone to add a link to a direct vote, I think this would help, title it "Adding Your Site to Yahoo! Directory - Would You Benefit? Yes or No"
No joke, can someone please do this.
I'm only getting about 1,000 searches a day on my site total, but I do consistently get about 4,100 unique visitors per day.