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Sounds like circular reasoning: "Show a respected website with a PR 3 or less" - "How about x.com?" - "Haa! It has a PR 0, it's not credible!"
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I think you are a bit unfamiliar with cause and effect. Is that site respected? Do you respect that website? Would you link to that website? Would you send it to your mother to use? Does the website deserve high PR?
When you say:
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You must place a Reciprocal Link to us on your website
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And you do it in
red, underlined, and bolded, it pretty much dismisses any idea of credibility.
In other words, they have PR0 because they deserve PR0. Even if they had PR9, they would still deserve PR0. Is that stated simply enough?
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So, I guess lii.org wasn't a credible site when their PR was 0 some time ago, but now when its PR is 8 it's credible again.
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I know a lot of websites that have high PR and are less than credible, and vice versa, so I would have to say your logic is Polish, or your reading comprehension skills are non-existent. Which is it?