It seems the pagerank update is completed - I have seen an increase in all of my sites and a fair few others:
criTix (this wonderful business blog) - 0 (I never used it) to 3 (pretty good)
Several of my affiliate sites went up - 0 to 2/3
Wheels-Near-U - 0 to 3
RankRace.com - 0 to 4 (anyone want a pr 4 domain/site?)
Several web design projects I expected to remain on 1 forever went up also to 2’s and 3’s.
Seems to me that this update has been very favourable - what I thought was going to be a complete stampede of minus’s worked out ok.