there has been no evidence in those nearly four years that Adsense links would count in tha algorithm in any way.
I was thinking in more simple terms and not necessarily in the algo, bear with me.
- Page has 12 internal links and no ads, each link gets 1/12 of the pagerank to pass along (assuming all are related, etc,etc)
vs
- Page has 12 internal links and 4 ads in one unit, each INTERNAL link only gets 1/16 of the pagerank to pass along due to the four extra ads. The ad link values don't pass to the advertisers, they are simply dropped a la nofollow.
This would make pages with more ads pass less internal "juice" and might actually help in their anti-spam efforts. I know that plain text and image ads with nofollow impact internal links, they cause some rank to be dropped, so why wouldn't javascript ads like adsense do the same now? How would one test to see if the ads are being included in the rank-per-link calculations?
edit: I'm asking this in part because the number of links in an adsense unit fluctuates and I was wondering how much link churn impacts a page, but that's for another thread. If adsense links DO play a role and DO cause some rank to drop then there might be an optimal ratio to target, a guide as to how many ads a page can support depending on how many other links are on the page etc.