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Yes, it is entirely possible to build an excellent site and see it blossom and gain pagerank. Many of the people here are looking for a faster, easier path to Google traffic.
Pagerank is based on examining the incoming web of links to your site and deducing its importance from this and a few other factors. If you have a great site people on the web will naturally link to it and recommend it. You will then come highly recommended by search engines. This is how Google intends the system to work. Understanding this, many seek to shortcircuit the system to their own advantage. It is quite clear that encouraging some other sites to link to you can help you rank higher, faster.
For the classic (and still relevant) article on developing a quality site that does well, please consider:
[webmasterworld.com...]
By the guy who makes this whole site tick.