For those of you still keeping track of your Google Toolbar PageRank, you might be happy to know that Google has updated it.

Hat tip to Barry Schwartz for spotting discussion about this on the forums and Twitter. Here’s some of the Twitter excitement:

If your PR dropped, here’s a video from Google’s Matt Cutts explaining why this may have happened:

“The information that you get from the Google Toolbar is updated about 3 or 4 times a year, and the reason we don’t provide it every single day is because we don’t want webmasters to get obsessed with the green in the Google Toolbar, and not pay the attention that should be spent on titles and accessibility, and good content, and all those kinds of things,” he said in the video (from last year). “A lot of people, if you show them just the PageRank and update it every day, they’re just going to focus on that. So we didn’t want that kind of obsession or backlink obsession to take hold where people would only pay attention to the PageRank in the toolbar.”

“Then, the question of ‘how can I identify the causes of a PageRank drop’ – well, if the only PageRank that you had, for example, was from one very reputable link, and that site stopped linking to you, that could lead to a drop in PageRank,” he continues. “If you’ve done something really weird with your internal linking, and you canonicalization is very strange, so we don’t know – maybe there’s a completely different site on www vs non-www – so you know, those kinds of canonicalization issues, that can also lead to a PageRank drop.”

According to Schwartz, the last update was in February.