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Top 10 Google Myths Revealed, by Chris Beasley, is a must read for anyone doing web development work where search engine ranking is important.

1. The Higher Your Google PageRank (PR), the Higher You’ll be in the Search Results Listing

2. The Google Toolbar will List Your Actual PageRank

3. PageRank is a Value Based on the Number of Incoming Links to Your Site

4. Searching for Incoming Links on Google Using “link:” will Show you all Your Backwards Links

5. Being Listed in the Open Directory Project Gives you a Special PageRank Bonus

6. Being Listed in Yahoo! Gives you a Special PageRank Bonus

7. Google Uses Meta Tags to Rank Your Site

8. Google Will Not Index Dynamic Pages

9. Google Will Not List Your Site, or Penalize it, if you use Popups

10. Google will Penalize you if You’re Linked to by a Link Farm

The article is a great primer on Google and Google’s PankRank.