Doesnt the amount of links you have on your links pages also affect the amount of page rank that is passed on to the link. Meaning, if your links page has a PR of 2, all of the pages you are linking to get that PR split up (PR=2, 10 links on the page, each link gets 0.2 PR) So in essence, if you have your link on a links page with a PR of 4 with hundreds of links on it, that back link is not as valuable as a page (with your link in it) with a PR of 2 and only 10 links on it (see below example…)? Is my assumption correct? I’m pretty sure this is the way I interpreted it. I am going to go back and reread it.
example…
My link is on a page with a :
|=== PR ==
=== #of Links ===== Shared PR ==
|…… 4 ……|………. 100……….|………..0.04……….|
|…… 2 ……|………. 10………..|………..0.2……….|