google panda is the algorithm that google use to give accurate result to users panda ban the sites that are of low quality which google think it does'nt fullfil the user query and just focus on advertising while increases ranking of quality sites.
Yes still Content is king, they want daily fresh content which is unique(not duplicate, stolen, etc), So give them. Follow Panda's factors you will be get good results. Google Panda 3.2 algorithm is released....