Cre8asite Forums moderator EGOL created an excellent thread at Cre8asite Forums saying, he has seen on a relatively small sample, that sites with an equal number of inbound links but different number of pages on the site itself makes a different in rankings.
For example, Site A has 1,000 inbound links from external sources but also has only 25 pages. Site B has 1,000 inbound links from external sources (let's say the same exact sources) but also has over 10,000 pages. EGOL has seen that Site A would tend to rank better.
In the past, most people would brush this off by saying, link popularity is not on a site level, but rather a page level. So it doesn't matter how many pages you have, each individual web page on your web site will rank on their own merits.
Today, things change with trust, site wide popularity and hundreds of other factors.
Can I dismiss EGOL's findings? No. Can I vouch for them? No.
It does make for an interesting online debate.
Forum discussion at Cre8asite Forums.