In this new thread, WebmasterWorld administrator ciml argues that "PR has a direct influence on ranking for a given search phrase but the direct influence is very small indeed." Then goes on to say "Also, PageRank is useful for other things (e.g. crawl depth and frequency) but the direct influence on rankings of having more PageRank is, as Macro put it, "small enough a consideration to be ignored"."
So the question put forth is PageRank too small of a factor that is should be ignored? This should make for an interesting thread, at least the several posts there now make for a good read.