Yeah, I have tons of .edu links to one of my pages.... nothing special about them or its ranks from it.
Yes, and the gymnastics team, swim team, and what the hell, the volleyball team too - I have a long leg fettish
That's always been the key. Links from .edu's and .gov's tend to be higher quality - i.e. less links on the same page, the page is well linked to from within the site, attracts quality links organically, longer link lifetime, etc, etc.