I am listed in Yahoo Directory for a new website although they didnt let me have a decent anchor, is it still possible to rank high for the keyphrase in Yahoo?
of course it is. it's possible to rank high in yahoo without even being in the directory at all... and it's possible to be in the directory and rank horribly.
yeah you can have good serp in yahoo. If your desc. is good in yahoo dir that also effects a lot in yahoo raking.
Yahoo! search engine is different from Yahoo! directory .. so you can make efforts to rank well for the keyword. Finding your niche keywords & competitor's strength matrix and then backlinks getting campaign. Doors are always open if you are not penalized.