In my openion indexed in google is Important because PR is not stay stable it can be decrease or increase everytime...........
ranking high on google on your keywords is anyday better than trying to achieve high PR as the first provide you free traffic that is not only relevant but also in majority of the cases a paying one. But at the same time we can not ignore that our rankings on google search are also dependent on PR, thus maintaing a PR is similarly important. Ranking high on google search is dependent on various parameters and high PR is one of them...... any thoughts....
Basically they come hand in hand I think. To get a good PR your site is to be good. And by then You will get indexed as well. Thanks