OWG Aka “Old Welsh Guy” is an respectable person in SEO industry. I was browsing to the forums and found this great piece of advice from him, I wish I should read all his posts earlier. Check your self the discussuins going on at this thread: Another PR Crash!

OWG Reveals the downside of mysterious linking strategy: Millions of backlinks through sitewide footers is not seen as a good thing for PR benefit. ALL footer links will soon be useless. I and a couple of other people including Danny Sullivan, Jill Whalen, Mike Greghan & Ammon Johns, spoke to Matt Cutts about 3 years ago in London SES, and we all agreed that links in small text at the foot of a page are pretty much worthless spam,

UNLESS they are internal links when they become very important as they are a site map!

Cheers to Seocontest2008! This one more good reason why I joined this esteemed forum called UK Webmaster World!