Pagerank update in progress



Pagerank does matters because pages with high PR are cached by Google on regular basis while for other pages with low PR, you have to ping those pages to get your backlinks indexed. I don't think its a new update because all of the new pages/created in last 2-3 months received no pagerank from Google.
 
The point isn't that pagerank doesn't matter - it does. However, pagerank is updated multiple times per day, so the fact that they are exporting a pagerank update to their toolbar doesn't matter unless you are selling links or sites, etc.
 
The point isn't that pagerank doesn't matter - it does. However, pagerank is updated multiple times per day, so the fact that they are exporting a pagerank update to their toolbar doesn't matter unless you are selling links or sites, etc.

This^