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I really wanted to find out what the general opinion was on outbound link effectiveness?
[edited by: Webwork at 12:06 am (utc) on Feb. 4, 2009]
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That said, well crafted anchor text, linking to a page that is relavent to the text and to the host page definately works, at least for internal links. I have been annoyed by the unexpected promotion of PageA over PageB when I put in an inline link from A to B, which intuitively should have made PageB stronger.
I imagine it will have a similar boost on external links, but it's a bit noisy to detect (if it wasn't a link, its still a keyword incidence)