I think the question is quite clear here.
What do you think about PR of a site, whether the PR is a major or minor factor while determining value of a site when its put for sale?

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If the website is earning very little and has PR1 - 3 then in my opinion it increases value a little, but not a lot.
If it had a PR4 or above then the value incrimentally goes up.

When i buy a website i never pay much attention to PR unless it is PR4+.

Traffic, gross income and of course net income are my main metrics for buying an established website.

Buying fledgling websites is a little tougher as those metrics don't apply, but by doing your due diligance you can find those diamonds in the rough!

Income is really number one, PR can impress some auction buyers, but it really depends on the individual buyer.

It depends on the client. Some buy only good PR websites even if you have high ranks and traffic. I find this pretty stupid, as far as I see traffic and earnings, I don't really care about PR. You can have PR5 and 5 unique visits per day...

There used to be real benefit with pagerank but now days I don't see any. Google seems to be more focused on quality content and links. I have a got a pagerank 4 site and it made no difference to my rankings.

PR is not a major factor to decide the value of any site.