Google PageRank Updated - April 2010

Google have taken the time over the Easter holidays and the weekend to update the PageRank system. The last time it was updated was during the Christmas holiday period of 2009. I see few of the new websites (lanced in Februay 20101) getting a PR of 1 which seems to be good for webmasters. I am yet to hear if it has caused any harm to any of the websites.

I do not think the PageRank is the only way Google judges the value of a website. A site without PageRank can still rank well in the Google search results. A website with a PageRank 2 or 3 can outrank a PageRank 6. I think PageRank is one of the metrics Google uses to rank the websites. But, still it is important to most of the webmasters. What are your thoughts?