Because of the huge numbers of cheats and thieves out there, many companies recommend that affiliate links be hidden. A legitimate webmaster is only protecting his interest.
But I actually think we might be talking about 2 different things. I would agree with you fergi that if the sole purpose was to trick search engines, then it might not be right.
But what I was suggesting was more from a cosmetic and safety point of view.
I have never tested to see if it actually affects rank or position.
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