The fact is, they do not pass full Page Rank but nor does regular hyperlinks, which we realized. The problem was, most individuals sensed that 301 blows pass LESS Page Rank than regular hyperlinks and that is not real.
Google's Matt Cutts published videos clip saying:
The quantity of Page Rank that reduces through a 301 is currently similar to the quantity of Page Rank that reduces through a web link.
So currently, there is no distinction between a 301 and a web link with regards to Page Rank dilution.
That being said, if you have many blows, like stores of them from one url to another to another, that is a known bad factor. But one or so won't harm you.
Here is Matt's video:
This is one of those subjects that is fairly cut and dry but as you ask more concerns, with more factors in the mix, it can become a "what if" kind of situation that is not so cut and dry. Which is why we had the misunderstandings in the first position, because He did not want to cause individuals on initially - I guess?
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