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We did not lose any major links (and have continued to get quality ones) pointing to us and still have a PR7 (or so it would seem, but who knows if the toolbar data is accurate).
We did clean up the site. We had over 44,000 pages in the index, but 20,000 of them had old content and so we started working on getting old info out of the index. It worked, we went from 44,000 pages to 23,000. However, shortly after this is when we lost the fresh tags and our rankings.
I've a home page that gets visited 2 weeks in every 4 (why that should be is probably a separate thread!).
When it's spidered and has fresh date, it does really well.
When it's not spidered, it slumps and slips downwards.
Cause and effect, perhaps, rather than cause and another cause.
DerekH
somewhat off topic, what exactly are fresh tags
A fresh tag is really just a date tag that appears next to the search result description. For example, if you google the word "adsense", you will see google's site at the top of the list and a date next to the URL.
Back on topic, my website is showing today's date, I have never seen that before. Maybe cause it's late here..
I just checked and another one of my sites has a Sept. 29th date - but that site's been updated a lot in the past couple of months, with new pages added to the site, and the other one hasn't been in ages - the site is "stale". I checked a couple of other searches and also found only a sprinkling with fresh dates.
Sometimes the fresh tags go and then reappear all over the place; I haven't heard anyone give an explanation for it, it just seems to go in cycles.