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I've noticed nofollow links showing up in my Google Webmaster tools "links to your site" list.

If they are nofollow why are they showing up here?

Do nofollow links still count as a backlink and transfer PR and authority?

Are there any advantages of dis-advantages to running a static homepage as opposed to a blog style homepage.

I have be running a static page on my site with the latest posts displayed as links after the homepage content.

I would like to remove the static page and move to a more visually appealing homepage that includes graphics for each post and the posts droppping down the page like normal blogs do.

How will this effect my site if I move from a static page to a more dynamic blog style page layout?

Could I still hold the spot I currently rank for with the optimized index content if I turn to a more traditional blog format?

cheers,

I've noticed nofollow links showing up in my Google Webmaster tools "links to your site" list.

If they are nofollow why are they showing up here?

Do nofollow links still count as a backlink and transfer PR and authority?