Bad news for Squidoo. 

It looks like Google has penalized Seth Godin's venture because of excessive spamming. 

From yesterday's TechCrunch post.

"The reports indicate that some Squidoo pages have seen a 75% drop in traffic, and in other cases have either been removed from high ranking positions on Google, or removed all together." 

I'm sure the folks at Squidoo saw this coming and recently began new spam fighting initiative to attempt to avoid this move by Google, but it looks like it might be a case of too little, too late.

While it seems like a stiff penalty.  I think this move will force Squidoo to clean up their lenses and will ultimately help in the long run.

If anybody has any input on the ramifications of this move by Google, I'd love to hear them.