This morning I reported that both Yahoo and Google are updating the number of links they account for each site. Yahoo! Search Link Update shows a number of webmasters reporting both increases and decreases in the number of links Yahoo is reporting at their Site Explorer Tool. Google Link Update Within Webmaster Central’s Link Tool shows that currently, all reports from webmasters show an increase in the number of backlinks reported by Google Webmaster Central.
Related Topics: Google: Webmaster Central | Link Building: General | Yahoo: SEO
I am seeing that Google updated the link count but isn’t showing URLs of the newly reported links yet.
Yes, you should see the actual links updated within a day or so. Vanessa Fox told me that, and more details here.