You have received a PageRank demotion? and you think it is unjustify? Write to Google and you have some change of getting them back. If you are Text Link Ads seller, I would only suggest that you remove your text link before asking for any reconsideration from Google.
What you have to do?
Log into your Google Webmaster Tools, and notice the right hand side “Requst reconsideration”.
Now let me know if you have succesfully get your PR back.
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…. But I prefer MORE TRAFFIC to my blog instead of PR promotion… 
Any 
?
Wow.. i never knew this… there still a second chance for all of them. Not Bad google.