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I still have the same "do follow outbound links" but I have never had that many as they are only links to help the user (I have never worried about PR leaks or designed a site to gain Google PR).
No serp changes as these sites stay at the top for major keyword phrases including "site links".
But this visible PR update is for real happening right now in a few niches that I'm checking.
Another site I have was penalized for a long time and started to come back a couple of weeks ago... visible PR on this site is seeing no change.
BL's have bounced around a bit as well.
1. White Bar
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7. Gray Bar
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[edited by: tedster at 7:18 pm (utc) on Aug. 26, 2008]
One way is if the search term does not show many total results (say 6 figures or less) and the results that Google does return are internal urls rather than home pages/domain roots. At any rate, it should give you hope that you can compete well to see all those white bars in the SERPs.
There was a minor update. I believe it was to formerly penalized sites
I'm going to keep a wait and see attitude for now, but, if this is an update that's going to last it's not a minor one. We use a very popular php driven shipping cart and Google used to love our cart's pages. Now they're gone! We still have good ranking on our older static pages. But the money pages have dropped 20-30 spots.