Well as far as the "challenge" goes, here is the latest. Dogdog has been building 171 anchored text backlinks in a seven hour period from 10 a.m. to 5 p.m. today for the search term he wanted me to optimize his site for. Unfortunately this has ruined his chances for optimizing under his chosen search terms. I sent dogdog a email to remedy this.
I am now using another method of optimizing for the search terms he wants. And I have asked him to stop link building for these terms. As it stands, his indexed positions for these terms have been sliding down as they should be in Google's reaction to attempting to game their SE.
If you read my post above where I explain in detail why it takes 10 days not 1 to index the top position, you'll see it's not a case of mass link building alone which accomplishes the top spots. If you want to learn more, I'll be making a post in the next two days on my blog about it and I'll update this thread.