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I generally don't worry about PR too much, so I don't bother tracking updates - I take the approach that it is what it is. I typically bounce between PR 5-6. I do pay attention to backlinks as I have experienced strange behavior in the past. Twice last year my backlinks dropped to 0 - the first time I freaked out, sent a message to Google askng them if I was being penalized for some reason. I was surprised when they actually responded, said I wasn't penalized, that rankings change, and to wait and see. The backlinks re-appeared in 3 weeks, and traffic came back shortly thereafter (to even higher levels).
The second time the same thing happened - right before Christmas on 12-17. My backlinks re-apperaed a few days ago, so I expect to see traffic bounce back on or about 1-17. I've since been scouring forums to find out how to prevent this from happening and really haven't come up with anything concrete (everyone has theories), except to use a 301 redirect so the site is consistently referenced with the www. prefix (was showing different backlink numbers)
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