They count a little bit, but not much. One quality link can get your site bouncing up the serps, whereas links from low quality sites just get your site noticed a bit bore by the search engines.
They can be of value if they are related to the same niche as your site. The other benefit is that they may jump in PR and that will be passed on to your site.
Yeah, It will count as a back links just chose a quality related site.While a link to a High PR is useless if its not related.
As Allout said, a website with a PR0 might increase over time and become a PR5.... Your link will therefore pass more PR and will provide more and more benefits over time... The anchor text has great importance. I will suggest to have defined anchor text before you start building links. You anchor text should match your content but they should also match the search phrases you want to rank for in search engines.
Don't forget that the page rank shown on the toolbar is only a snapshot in time - the real page rank of the page linking to you may well already be higher.
hmm yeah..but what if their PR drops? i mean obviously..it cnat go less than PR0.. but what i mean is like if it shoots(the inbound linking sites)..and then decreases..wud it effect his site too??
Yeah but any site can drop PR no matter how big it is if it suddenly looses masses of links. People that refuse to accept any less than PR4 links annoy me, because they don't seem to understand that new sites can climb in PR very quickly. I have archived PR5 on some sites within one tool bar refresh before. People that refused to exchange links when my site was PR0 have now lost out.
I always thought about that but people are always all over having links on really high page ranked sites. I suppose over time those pr0's could become nice links even better than the ones you pay for a fortune to be on.
All good points, especially that not accepting PR3 or below could backfire later. Lesson learned? Never turn down a related content backlink.