I'm seeing some signs that Google might have lowered the anchor text threshold for deep pages. I'm talking about having too much of the same or very similar anchor text to a page other than your homepage. After moving some of the backlinks from the deep pages to the home page, the rankings of the deep pages started to quickly return which is why I suspect Google has lowered the acceptable threshold for anchor text.
To be honest, its very hard to isolate single ranking factors with Google so there might be another explanation including my experience being pure coincidence. Has anyone else seen a difference in how Google is rewarding/punishing rankings for deep pages?