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First of all, it's been announced that PageRank is the "heart" of all Google technology. It can be found in here. So I think it's not really an good thing to ignore it.
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Very true; However the PageRank that is at the "heart" of Google technology is NOT the same as the PR value that is shown by the toolbar.
It is this fact that we keep tying to get over to people. It is the toolbar PR that is a useless value.
The REAL PR value is only one of over 100 factors that make up the ranking algo
http://www.brianwhite.org/2007/06/25/i-have-pagerank/
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A foolish consistency is the hobgoblin of little minds
Thought for today:- Is SEO the only industry where all the cowboys are Indians?
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