Question regarding google pr=0

[itshotlink]

I have a Google PR0 and i've read that PR0 is a penalty.
First..is that always true?
and if so, what are the main causes and corrections necessary?

The site is mainly Funny Videos,Games, Jokes, ect.
It is just over 3 months old.
It averages 100 unique hits a day at index...4-500 at all pages.
anr 1500 page views.
alexa is

Traffic Rank for <domain removed>: 1,238,724
N/A*705,599 1,238,724--

I do get people in from google search...

<Sorry, no specific domains.
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[edited by: tedster at 1:13 am (utc) on Jan. 17, 2007]

[tedster]

Hello itshotlink, and welcome to the forums

I have a Google PR0 and i've read that PR0 is a penalty.
First..is that always true?

Definitely no, and most especially not for young sites. PR that is displayed on the toolbar is only updated every three months or so. I'd suggest some study about what PR both is and what it isn't. It will help you understand how to make sense of the information you discover about your site.

Google PR - PageRank FAQs [webmasterworld.com]

I do get people in from google search...

Excellent - that's what matters most. Here's another thread that is important reading for relatively new websites.

Filters exist - the Sandbox doesn't. How to build Trust. [webmasterworld.com]

[skweb]

If this is any consolation, Google's own adsense blog has pr=0 since the latest update. I think there is a massive glitch at the moment.