Is it just the case that noindex,follow means that Googlebot will simply follow the links on the page?
The links show up in WMT but do the linked to pages benefit from those links seo-wise e.g.
1. Anchor Text
To clarify, robots.txt exclusion stops the bot seeing the page - noindex stops that page being part of the index so factors 1-3 should be at least "seen" by the bot on a noindex page. But which are actually passed?
Just received some links from someone who has this tag on a lot of pages (dupe content issues on his blog) and wondered if I should expect any ranking increase!