Yesterday, Google's Matt Cutts announced on Twitter that they have pushed out a refresh to the Google Page Layout algorithm on or around February 6th.
He did not specify how much this impacted the search results but based on my analysis of the SEO community, it had a very small impact on most SEOs.
This would be the third update to the page layout algorithm. Since it is just a refresh, it doesn't mean Google updated the algorithm, but rather reran the algorithm and updated it's index. So I doubt Google would classify it version 3.0, but rather 1.2 maybe.
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