The EatonWeb blog directory, which attempts to order blogs in each category by “importance” according to a variety of metrics, has decided to devalue the role of PageRank in its algorithm.
The basic argument is this: PageRank no longer serves as a reliable indicator of importance. If EatonWeb wants to be a reliable indicator of importance, then it needs to devalue the role of PageRank in its algorithm.
So what are your thoughts? Is this a smart move? A bad move? A reactionary move? From an objective standpoint, does it make sense to start ignoring PageRank in favor of other more reliable indicators of blog value?