It does, so don’t get me wrong, properly worded anchor text is critical for link building, and ranking for keywords, but recently the buzz on the internet is that Google may or may not be penalizing sites that use the same anchor text repeatedly. According to some discussions, some web sites previously ranking in position #1 for “Home Run” words, have been dropped 4-5 positions….WHY?? Stay tuned, but for now word on the street is Google is basing this action on usage data.
It seems like landing pages with too many inbound links using exactly the searched keyword as the anchor text were picked up by Google’s filter. Web pages without word variety in their anchor text seemed to be outranked.
What is the solution? I recommend the following:

1) Use different but related keywords as anchor text for links to your site.
2) Stay tuned, I’m sure there will be more discussion on this.

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