A more light-hearted look at what happened to PageRank over the weekend. Marissa's Blog - A Google Employee's Parody and outlines what happened over the weekend with Google - CompanyX.

"...At the end we couldn't remember what position one little green switch should have been in so we left it 'off'. I doubt it does anything important anyway."

I recommend reading through some of the other posts on her blog also, I'm sure you'll find it an interesting read...