I think this URL will describe everything about the PR updation time and problem:- http://www.google.com/support/forum/p/Webmasters/thread?tid=02d960d328c8c8c0&hl=en
This is one of the biggest question in front of all the webmaster they are looking for the PR updation on his site. Some people told there they are gating miner pr updation on his site but i think this is a wrong news.
I don't worry about my PR's I keep focusing on building sites, and marketing them. My PR will go up whenever it goes up it's not a big issue to me.
It is a big issue for most of the webmasters. I think is good to know that you have a good PR for your site ang google see you as a respected website. Dont we all what that?
I have learned not to look at the little green bar anymore, there are more accurat ways of measuring your sites sucsess
Yesterday, one of my sites was a PR0. Today I checked again and was honestly surprised that it is now a PR1. Something must be up.