I assume (correct me if I am wrong) that "panda" targets websites with thin content. And it is now part of the ongoing algo, rather than being run from time to time.
However, new sites are sometimes thin, and grow with time....into thick, fat, useful, resources.
So how long (if my very simplistic, linear thinking is "right enough") would google give a new site before penalizing it as part of the Panda's attempt to exclude thin sites from the search results?
I'm also interested to hear what type of penalty is incurred, at least in terms of visibility in the search results. I believe a Panda penalty looks like the EOR ("end of results" or "-950") penalty, but maybe not quite so severe. Can anyone else bear that out?