You might be interested in reading these accounts. Most people believe "quality" content and websites will ultimately win out. The problem is surviving the "meanwhile" or is it just a matter of adjusting and tweaks? Smaller websites have been hit the hardest. The crappy sites are dropping in ranking, pushing quality sites up. Many people think EZA will be back stronger than ever. Looks to me like SA is "right on" with their objectives. Yea for the home team! No one seems to know when the next algorithm will happen or how it will affect websites and online marketing. Maybe one of you knows.

Anyway, some good reading for you:

http://kaiserthesage.com/companies-spending-more-on-seo/

http://www.webmasterstudio.com/blog/google/surviving-google-s-panda-update-tips-to-continue-thriving.aspx

Definitely read this one: http://www.pingkaching.com/blog/googles_panda_update/