Phew! I just finished removing all the broken links from this website. It would have been a fairly small undertaking if not for the blog. The blog creates hundreds of pages and the broken links can appear in comments, posts, sidebars and all sorts of hidden files. And since broken link checkers report all sorts of anomalies, such as RSS links, the list to wade through is quite large.
But it is worthwhile. A website that points to a lot of broken links is one that is not maintained. Put quite simply, if Google has the option of listing two equally relevant websites for a particular search, why would it list the one that appears not to be as up-to-date. I have no empirical evidence to show that broken links hurt ranking (if you do, please let me know), but common sense says that somewhere in the algorithm broken links play a role.
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