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There’s a really great discussion starter over on the Three Minds blog which I just found thanks to my Twitter network. Marshall writes about how the value of Google’s PageRank system is slipping because of the increasing value to a content-driven, rather than publisher-driven, model.

Basically, he argues that reputation should be given to individual articles or pieces of content based on the reputation of the writer, rather than basing value on the publisher/forum. I see the argument, but I also counter (as you may see in comments on the blog post) that the already growing popularity of ghost-writers among the heaviest individual publishers (like Guy Kawasaki or various celebrities using tools like Twitter) makes such a thing dangerous.
First, personal page rank would make it possible for the most recognizable names (within any respective topic area) to dominate conversation to an even greater extent. It would also create an incentive to build a network of ghostwriters under a single name (though it may not be popular in the community I see few ways that an unscrupulous person with frequent publishing that’s even somewhat better than mediocre wouldn’t gain enough reputation to dominate the market), as opposed to having loose associations of people who may hold varying opinions voicing them publicly under their own byline.
Finally, I believe that personal page rank would make many of the infrequent (and sometimes refreshing) contributors intimidated to continue their only occasional responses. I believe the true power in social media comes from collaboration of those who contribute frequently with those who may not feel moved to share their opinions as frequently or publicly and who, in their infrequency, offer the occasional fantastic zinger or new point of view. I think encouraging MORE contributions from these less chatty peers is an important pursuit as social media ages.
I hope that’s been a good thought-starter. I’d love to hear feedback and counterpoint!
I'm glad to see you came across the Three Minds blog post as well. I blogged about for my company a couple weeks back (http://www.reputationdefenderblog.com/2009/06/09/is-pagerank-for-people-...) and thought the article raised some very interesting issues.
From Google's perspective, I think a switch to person-focused search would be a good move. They have already rolled out personalized Google profiles, which appear at the bottom of search results, so you know they are thinking about this issue.