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To follow or to nofollow?

Are you affected by the SEO issue? Are you blogger who has lost their pagerank? Are you worried about losing your pagerank? Are you a PR or SEO professional suddenly finding it difficult to place the follow links your clients are asking for? What do you think will happen next? Are we looking at the end of the (fairly short-lived) sponsored post era, or will there be new ways for bloggers to make some income by helping brands get noticed?