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I can't fathom how this type of page would have any effect other than appearing on the radar for possible spam. I mean, anytime you get a page with that many outbound links, its gotta show up on someone's radar, wouldn't you think? Just the pure repetition of link ¦ link ¦ link ¦ ... would be enough to do something. And, I think SE's degrade a pages quality if the load time passes a certain limit. That page you are referring to takes quite a while to load even on my cable modem. ;)