Craig you are right. In short, although the keyword and content posts are right to claim importance for those things, Google will be slowed down by poor code. So will other search engines.
I spend a lot of time on this bandwagon, and am completely relaxed that most people think otherwise. It gives me an unfair advantage.
So validate this comment, I took a simple expedient. I phoned my account manager at Google and checked.
Content, is king. But sloppy code, even slightly sloppy, can hide it a bit. And a bit can take away your competitive edge.
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