Hmm, Crappy update for me too. Seems 2 of my sites went from PR4 to PR3, and 3 of my sites (which I haven't started advertising at all and have just been indexed) are all PR2. Weird.
I agree. Google is doing something wrong. I've checked all 7 of my sites and so far NONE of them has gained any page rank, despite weeks of getting quality links. Since the update before this one, I've got numerous PR 5, 6, and 7 links and I find it absolutely preposterous that Google hasn't given me an increase on a single site! Something is seriously wrong. I'd like some answers myself. The fact that this update is WAY past overdue is a cause for concern. Google is really pissing me off. I've read something in the news today about them restricting access to something involving China, and then my adsense earnings have plummeted. Now I can't even get any damn PR for my sites!? What next? This is what happens when you rely on a transnational corporation to get stuff done...............they don't!
If it's any comfort, Tesla, I have yet to see new PR on the toolbar... but I can see it on the McDar Datacenter Quick Check Tool.