Google recently made an update to their index and matt cutts commented on that here http://www.webmasterworld.com/google/3615693-3-30.htm . From checking different datacenters I dont see much changes now and the small changes that was visible in the datacenters mentioned in that webmaster world thread is not visible any more.

Most of the changes have reverted back and there are no visible signs of changes that happened on those datacenters propagating to other DCs.

Other cool thing is updates are not the hot topic anymore. People used to discuss 100s of pages for any major updates. When I see this dewey update thread i hardly see it go beyond 30 pages which is a good sign. People are becoming more and more aware of the changes and the communication between search engines and users have improved which has resulted in lesser worries for people.
While Google update mania is no more Pagerank Mania still continues.

False Pagerank update alarm has triggered 10 pages of posting in digital point forums

http://forums.digitalpoint.com/showthread.php?t=808970&page=2

Labels: Google update, pagerank, pagerank update