Originally Posted by etechdesigns So do you mean to say that the relevancy of the links and page content do not count in the calculation of PR?

You have to understand PR is just a part of googles alogrithm for search engine ranking. I would not categorically say PR is not just related to backlinks (as swifty said) as I believe it may well be just to do with backlinks - I have not seen any information on the web that says it has another other factor influencing it other than backlinks anyway - Here is a link that expalins PR in more detail and how it is calculated: http://www.webworkshop.net/pagerank.html

I would stop worrying about your PR to be honest - it is really just something that inexperienced webamsters concentrate on - the pro's just concentrate on their search engine positions - and that means high quality content with highly relevant backlinks from quality sites - get this right and you will not go wrong.