Maybe in 2001, but NOT in 2009. Good content will eventually get you a PR0 but that only means you are indexed. You need backlinks if you want to get PR.
To what I had learned back links are pretty important to have a HIgh PR and rankings on GOOGLE but if you have any good content google will actually give you a PR 0 but it is still not enough that's why many site owners are getting back links or hiring SEO's to gain such backlinks.