... I feel that link wheel is dead, link village is just a variation right?
...
The link wheel isn't dead, the structure just had to evolve, and will have to continue evolving. Any artificial link structure is going to leave a footprint, the more people that are using the same type of structure the more likely it becomes for the footprint to be recognized.
The best thing to do now is learn the theory, look at how the newer structures are being created, and then use that info to create something with as much randomness as possible without losing the power of the linkwheel idea.
The idea of the linkwheel was to manipulate the pr algorithm to artificially create as much pr as possible directed at the hub. Look up everything you can about the PR algorithm, starting with Larry Page's original algorithm and any extrapolations you can find about how google implements it. Then use that info to try creating that largest amount of pr funnelling to the top.
The concepts of Larry Page's algorithms aren't that hard to grasp, but creating a good structure to manipulate them takes work. Google refined Page's ranking system so you need to do some experimenting to manipulate the PR with a linkwheel, but if you get close it can make a big difference.
edit -
@data84 -you really want to bookmark as much of everything as you can. Just remember that as you do it you are adding to the structure. You don't want to inadvertently create links between sites that your structure left intentionally disconnected. You don't have the time or money to recreate and maintain the same footprint as a naturally occuring popular site. Ideally you would use completely different bookmarks for every page in your structure. In reality you can only carry that so far, so you have to make decisions on how to allocate your resources. You need to have a balance between your link building for your main site and linkbuilding for your spoke sites.
Hey no one said it would be easy.
Well actually, I guess they did, but things change.
