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From my end there are no changes at all, most of my client's rankings & traffic have been very steady in the past 3 days. I feel like Google is resting at the moment :)
Some Panda updates are due to new signals being incorporated into the overall Panda algorithms Some Panda updates are recalculation of how sites perform within the Panda algorithms, based on updated data about the sites since the last recalculation The only difference with this update [Sept 27] vs. the previous ones is that there will be (and have been) several updates (presumably of both types) within days or weeks of each other
Taking a Closer Look at the Google's Panda 2.5 "Flux" [searchengineland.com]
Is there any particular reason to say these changes are Panda, rather than some other tweak in the algo? For example, did only Panda-demoted sites see a change?
[edited by: Sgt_Kickaxe at 6:48 pm (utc) on Oct 21, 2011]
The main issue I have with Panda is that it can impact an entire site for bad content elsewhere