every one is really waiting for that Google update.. and still don't come.. though others have said that they receive minor PR update.. but never the major one..
This thing drives me crazy. Now days I only bother about my site position in organic search result for the keywords that I am optimizing for. I do not care about Pr whether t goes up or down .
I think you should more concentrate on getting back links and traffic than hoping for PR update to happen. I mean what if PR update takes place and you find your blog to be PR 0? Personally i think the more longer it takes its better, because i will have enough time to get backlinks and traffic. I mean the more i work, better are the chances of getting a good PR right?
People always seem to be fascinated by PR. I used to be the same, but nowadays I couldn't care less about it. Just keep on building backlinks and you will get good search engine rankings.
I have also read somewhere that it should be January or at least within the next 2-3 months. I have stopped monitoring the PR of our websites and don't even know the exact number. I know it is nice to have it increased, but what really matters is to increase the number of targeted visitors and the site popularity.
I think PR is still is important, because since the lattest update I have created and maintain more blogs that I want to have high PR, it will help me to develop my business. I will have high PR backlinks for myself.
PR does not matter; only traffic is important; I have my different websites having PR2 but traffic is very good.