I know at least one webmaster who is renaming pages that used to be links.html or similar because those pages (but not others on his site) stopped passing page rank after the latest Google update (in which I and many other people lost page rank).
My ESL site remained page rank 6, but backlinks showing on a google "link:http://www.eslgo.com" search fell from 226 to 184. There are many possible reasons for this, but one is that "links" pages are no longer passing page rank.
This makes sense to me since pagrank is supposed to help Google measure quality. Now most sites trade links with anyone willing to reciprocate and PR is becoming less important. If only links from content pages pass PR, pagerank might become meaningful again...
Posted by James Trotta at June 22, 2004 7:02 PMTrade links with seo-search-engine-ranking.com
http://www.seo-search-engine-ranking.com/ad_network_222.php