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I also think that having the bots come regularly to check things out, possibly depending upon your category and/or the kind of site you are, may also signal vitality of the site, which may in some way fit into some algos as a positive characteristic.
Then there is the fact, and think it was G who came out and said something like this, that as many as half of all searches last year were unique, one-time-only search phrases. Point being, the more original pages you have being created, the more longer tail terms you're gonna pick up. The bots keep indexing those new pages, with new content, and volume steadily climbs.
More pages = more spider food, more content to potentially rank for, more content to potentially attract IBL's (variation of IBL's to home and old and new subpages a definite plus).
All of this assumes of course that the content being added is unique and worthwhile. ;-)