Google started updating the PageRank for a few websites yesterday, and I am happy to announce Rushtips.com received a PR 2.
Google PageRank Update: November 2012
Google usually update the PageRank every 3 to 6 months, this time they updated it in November 2012, and the PageRank update a way of knowing that you're doing everything right with your website, in terms of content, SEO and backlinks. They take into consideration the quality and relevance of your content, as well as both outbound and inbound links. If a site pointing to your website has a higher PR, more PR is assigned to your website.
It seems like less and less people care about the PageRank update these days. It might not have the same weight as it use to, but since they still have it - it's, like I said before, a great way to know if you're doing it right.
You can check your PageRank at PRChecker.info