The entire industry is talking about what google have done over the last few days, they dropped pagerank for some of the really big names sites. Everybody is surmising that this is as a result of paid links and I tend to agree.

However I don't see this as a bad thing for the SEO community at all and possibly not a bad thing for these sites. I genuinely think that the SEO community should be thanking google for creating even more FUD around SEO.