Does the Open Directory Project (dmoz.org) still have much effect on search engine ranking and indexing?
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M$3 Answers
... I know, I tried to buy the DMOZ from AOL and did a lot of research into the quality issues before launching Mahalo. It wouldn't be worth taking the DMOZ from AOL for free in my opinion except maybe for the value of the domain. The dataset is so poluted it can't be reversed.
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M$You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$Below is a post mentioning that in 2008, Google removed their advice to obtain links from the Open Directory:
http://searchengineland.com/google-removes-directory-links-from-webmaster-guidelines-14921
Which doesn't prove anything, but indicates it's not as important as it once was.
I think the link would still have some value, but not more than any authoritative site in the field.
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M$