One of my sites went from 800 backlinks to over 30,000 backlinks in the webmaster tools, but dropped from over 100 to less than 10 when using the link: operator.
I didn't notice any change but i assume there is a Google PR update due soon. It could be this weekend or so. Hang tight.
This is great! all of my new sites are already showing backlinks in google. next should be the PR update.
I'm thrilled with this too. It's way overdue, shouldn't this and the PR update have taken place last month?
you should never stop building more links. if you do stop link building you are bound to see them sink....