What I understand is that a link containing four words or a sentence is better then just one or two words. "Fastest prettiest Honda ever" is better than just "Honda" or "Buy Honda". So one should consider this as well.
The the site which have good standings in Google and have less Out Bound Link will be considered as Quality.
Serious worker, question: You mean: "A link from a site which have good standings in Google and have less Out Bound Link will be considered as Quality. " right? You don't mean that by having a lot of out bound links, I lower my own ranking like PR or SERP, or do you? Not trying to be an a**, but a serious question. You do scare me a bit...