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The Google Algorithm-Secret or Simple?

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Could it be that the almost godlike search engine, Google's Algorithm could be this simple yet devilishly tricky that implementing it becomes somewhat of a BlackArt as someone I know referred to it.
To most this shouldn't come as such a surprise because it appears that Google's Algorithm is not such a State secret after All.
Secret or not it is a fundamental part of the way in which Google or "G" as most people call them in the forums supremely and ultimately decides your Ranking.
Coming to understand this formula can greatly help your search engine optimization and eventually your rankings.
Pagerank is the Algorithm being used by the Google engine, originally founded and formulated by Sergey Brin and his mate Larry Page in their paper "The Anatomy of a Large-Scale Hypertextual Web Search Engine".
This concept is based on the premise that prevalent in academia, that the significance or importance of aresearch paper can be judged by the number of citations the paper receives from other highly acclaimed research papers.
Brin and Page basically transferred this concept or premise to its web equivalent.
In Laymens terms this means: the importance of a web page can be judged by the number of hyperlinks pointing to it from other web pages.
Now that we know that what is Google's algorithm?: Besides looking quite intimidating it is quite Savvy in its simplicity, the formula goes as follows: PR(A) = (1-d) + d (PR(T1)/C(T1) + ...
+ PR(Tn)/C(Tn)) Where PR(A) is the PageRank of a page APR(T1) is the PageRank of a page T1C(T1) is the number of outgoing links from the page T1d is a damping factor in the range 0 SEO Marketing Reviews
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