Well we have all waited a long time for this update. This is the longest time between Google Pagerank updates that we have seen. This could be a big shake up for many webmasters. It seems as though some have faired well with the new update and others not so good.
It seems if you have been out building good quality links then you should have seen a increase in PageRank. Yahoo for instance went from a PageRank of 10 to a PR of 9 We have also seen some new pages go from Pagerank of 0 to a PR 4.
There is still much of a dance and your visual PageRank may still fluctuate until the dust settles. The good news is for those of you that were busy beavers, building real good quality links than you should have seen some PageRank benefit.