I have just been to Matt Cutts blog. He says the new pagerank values shall be visible in few days. So that’s a good heads-up from a very trusted source! 
Though i have been against pagerank updated since last 3-4 times. I am a little keen on this update! Just for the reason which Matt himself specified. Matt says that Google will be expiring penalities on few websites. Now that should be interesting. I am not sure if by the word “websites” he meant “directories” as well. So keeping my fingers crossed, i hope the update is good for everyone in every niche! Good luck guys!!!
By the way, apart from Google Pagerank update, i have seen some more changes! Google has changed the style of the cache page now! It’s pretty “formal” now. And it looks a little better than what it was before! Now, it seems like Google is off to do some improvements overall. I hope it’s more webmaster friendly this time!
its updated.
congrats you are PR4
and allycreations PR2
google and digg is not a rumour.
Congrats for the good PR for you Sharat
Mine is still a PR3
And btw, Digg is still keeping far from Google..
Thanks meethere and Chetan
@meethere: Ally Creations was already PR2 before this update. Infact it has lost PR on inner pages this time.
Well….i am not sure whom to believe in Google/Digg relationship