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One thing that I didn't see above is looking at the quality of the site you are sticking your link on. I ignore PR for the most part, but how many pages does google have cashed for the site, be it a forum, blog, or just some site. Do a search for the keywords on pages on the site relevant to your site. How do they rank? If they are down in the mud, walk away. Sticking your link on a site G doesn't like will likely hurt you. Forum links are usually signature links and are not in context, hence little value. A good in context link on a blog that G likes with a follow could do you some good.
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