Who will lose their pageranks?

For the longest time, I have been trying to decipher Matt Cutt’s short para.

Hey folks, I wanted to let you know that new toolbar PageRank values should become visible over the next few days. Iâ€™m expecting that also in the next few days that weâ€™ll be expiring some older penalties on websites.

This short para left me baffled. Expiring some older penalties? What does it mean to me? Well, I don’t have much to look forward to because those sites which have been Googlesmacked, still write paid posts. And those sites that I have cleaned up, are clean now.

However, I spend a lot of time to read through 245 comments and pay special attention to Matt’s own comment. You can easily pick up Matt’s comment by searching for the green column. BTW, there is WordPress plugin for ‘Highlight blog owner’s comment‘ which will highlight your own comment on your own blog. If you don’t get many comments, don’t waste time.

From what I read on Matt Cutt’s blog and also whatever those SEO gurus yapped, it seems that this time around, Google will slay those who cheated the SERP using a certain bookmarking software.

My question is, has this been implemented? Are sites losing their pageranks already? I know some of the commentors there mentioned that they get a penalty because they suspected their free articles which were published in thousands of other sites caused it.

Now, it looks like we bloggers who have a fetish for the green juice should avoid :

1) False bookmarking sites or risk getting deindexed.

2) Pinging to every tom, dick and hairy sites which will pull us down instead of improving our pagerank

3) Submitting too many articles to those ezines? Well, how true it is, I am not sure but there are commentors who insisted that they suspect it is a factor. (anyway, I am not worried because I am too lazy to bother to submit articles)

It appears to me that Google seems to have human eyes because they seem to know how to evaluate a site’s quality. I have one blog which is filled with original niche topics, not many pages but getting targeted traffic and I get a PR 2/10 within 2 months.

I am still watching the Google dance. Are we there yet? Is the show over yet? Can I open my eyes and feel safe that they Google pagerank slayer is not at my doorstep anymore?