What I'm trying to figure out is where in the iteration loop of reading a page does Googlebot calculate PR?
The possible options that I have come up with are when it follows the link or when it reads an anchor tag.
My theory is that if PR is calculated when the anchor tag is encountered (ie, the entire page is read, the number of anchor tags are counted, and that's what the PR pass-on amount is calculated with) then we would see a problem with on-page links - the ones that jump to a different point on a page - as they are created using the anchor tag as well since they would point the PR right back to the same page and create a loop... which obviously doesn't happen.
I'm really not sure of the answer to this question, and at this point am just making things more complicated for myself. If anyone has any thoughts, or ideas on how to test this, please post, and we'll see if we can prove it one way or another.
Bob's quote of the week:
"world cup of hockey is starting isn't it [, Dilligaf]? Who are you cheering for dilli?"
"Well... if you promise not to tell my neighbours... "Oh Canada... ""