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Google has announced they pushed out a new refresh to the Panda algorithm recently.
This update "noticeably affects only ~1% of queries worldwide," said Google on Twitter.
There were earlier rumors of an update over the weekend but Google said the rollout started today and not over the weekend.
[edited by: Robert_Charlton at 1:45 am (utc) on Jun 26, 2012]
[edit reason] fixed link, added quote box, shortened quote [/edit]
It is hard to know if the company considers it a success -- we can all agree that its original mission of destroying content farms has been a failure because they are actually thriving like never before -- but owners of good websites are definitely bewildered.