If we understand Google's PR policy, then each backlink to your site helps towards your PR.
Now if a directory has, say PR3 and it has, say 500 sites listed, will it not affect the worth its listed links are going to have?
If more sites listed, PR value for each link should fall?
I am still trying to explore this point as to how come links listed in directories are fine when it comes to PR worth but if more than 20 sitewide links are placed on any other site, people aren't just interested citing reduced PR worth as the reason?
Anyone care to explain?

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