The PageRank and NoFollow “bombshell”

Anyone with an interest in SEO and especially how adding ‘NoFollow’ to hyperlinks interacts with PageRank will probably already be aware of the change that Google has ‘sort of’ announced. Read more on SEOMoz if not. Perhaps you also are up in arms about the whole thing? Well not me as I think the whole DoFollow, PageRank, backlink thing is in an utter mess and not understood as I think Google sees it.