New Google PageRank to WebRa

It appears that Google has decided to remove PageRank from the Google Webmaster Tools. Surprisingly it hasn’t been removed from the Google Toolbar yet. I’m sure this is on it’s way though.
What will they call the new PR?
Many other SEOers in the field have been excited to see that the PR was removed from the SERP. Wait, what is Google going to call the Search Engine Page Rank – (SERP) now? Well, from what I hear (through my sources), that the SERP is now turning into the Search Engine Web Rank – (SEWR). Yep, it looks like SEWER to me too.
How does the new “WebRank” work?
Basically,
(and if I’m correct) Google has changed the algorithm to go from using links from anywhere to excepting relevant site links and using those links to determine the site’s worth. If you have relevant INCOMING links, you’re linking to similar sites, and you have a high quality of content – you should fare well in the changing SEO ranking. It looks like the days of SPAM buying links is finally behind us.
What are your thoughts on this and how will do you think it will effect your SEO campaigns for your clients?

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