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"even when G rolls back this Filter"
That seems to be a big topic of discussion. But how much (if any) will they?
While nothing is for certain of course, G will have to eventually roll this back. Just like they did a couple weeks ago, when the whole Neg SEO talk spiked.
There are simply too many high-quality sites that have lost traffic, it may be possible they are simply teaching us a lesson, before putting things right.