I’m here at SMX Seattle, and just talked with Matt Cutts personally about this.

I specifically mentioned the whole “piderman” example post etc. and he assured me 100% that…

1. “no follow” passes no PR
2. “no follow’ passes no anchor text weight.
3. It’s still 100% “okay”, “white hat” etc. to nofollow whatever you like, for whatever reason you like, including funneling page rank.

The piderman example and another one he mentioned about a “Texas used car” thing, was a temporary glitch in the algo, that was repaired

I would like you to ask about ‘nofollow’.

I have found that having outbound links, followed or now, improves my SERP.

I follow all links. Is it REALLY true about the PageRank algorithm not giving weight to ‘nofollow’ links?

Thanks
Garry