does google still give any value to recripcal pages. Meaning if i have a partners section with links from other related pages does google still give you any value for it. or are recrical links with google dead
I still do link exchanges and I've not see anything to suggest that this is a bad thing. As stated, do link exchanges with good and releated sites and you should not have a problem. I think the biggest problem is if you are link exchanging with every man and his dog rather than releated sites.
Personally I would spike up that link page with a few links that aren't necessarily reciprocal just yet. Still, reciprocals within a niche - or between related niches - should not be a problem. Don't link to spammy sites though - even within your niche.
google tends to supplemental linkspages probably because when people trade links they tend to use the same descriptions over and over again
Link pages may not be as helpful as before in terms of SERP. However, having one will certainly not harm the site.