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From my testing quality directories have a huge impact on Google rankings, much more that in Yahoo. After getting about 20 of the best directory links my rankings for a competitive search term went up from about 300 to about 21 in about one months time. In that month I didn't update my site much or get any other IBLs except those 20 directory links, so it's safe to say that is the primary reason for such a dramatic rise up the rankings.
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