xgnux- If you don't mind, please tell us more. I love to learn.
My assumption was if google returns that many pages it would be harder to rank in the top 5.
Sure, lets say we have a fictional term "i love bhw" which returns 55.000.000 results. You say wow very competive and hard to rank 1. But it isnt. The only thing that matters is the first 10 results and if you can outrank them. 55.000.000 doesnt mean anything.
ok i take the time for an reallive example:
Term: "i hate bush so much"
Results 1 - 10 of about 22,400,000 for i hate bush so much. (0.07 seconds)
look at the results....you prob. get in there with a keyword domain and 5 social bookmarks
or better:
internet marketing downloads
an example of on of my pages: Results 1 - 10 of about 52,200,000 for internet marketing downloads
My Website is first page. Only thing i did was some rss submits, social bookmarks and buy 1 permanent link for 10$ (its the keyword domain

)
Is this Key hard? no its so easy but has 52.000.000 results
End of storry: results doesnt matter anything.
greetings