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Hi All - First time poster long time lurker.
The sites I run have been decimated by this last change (or changes). All affiliate sites, many with good articles, great product browsing, responsive design etc. Traffic is down 90% overnight - conversions on whats left are terrible! Never ever seen it this bad. If Google are trying to eliminate affiliate sites they did a pretty good job on mine.
I have lots of EMDs which were hit hard, but also many non EMD sites that were also hit hard.
Almost seems like Google is trying to confuse us by giving us a Panda update 10 or so days ago, closely followed by EMD destruction and Image update... Now its really getting tricky to figure out what actually caused the drop in traffic, let alone recover.
I'm still sorting through the debris trying to figure out why some sites survived and the majority didn't.
[edited by: tedster at 4:37 am (utc) on Oct 1, 2012]