I believe there are benefits to Google for doing so at least once or twice a year. Yes I agree several years ago doing the updates once a month was too much.
However if Google updates PageRank two times a year it will help webmasters stay away from websites Google does not like or has penalized. I think the main argument is that Google wants webmasters to stay away from "bad websites" e.g. do not link to them and do not ask them for links, etc.
Then Google says the #1 way you can tell what websites to stay away from is effectively disabled by Google. This just defies common sense to me.
There are other benefits to Google for continuing to update the Google Toolbar PageRank meter. This tool also gives Google a strong brand loyalty benefit, most companies can only dream about having a feature or tool that brings such strong band loyalty to their products or services. So this is another reason why I think Google should update PageRank at least twice a year. I believe Google's current strategy regarding this is bad for all parties instead of the win/win it should be.
I recommend using Google Chrome as it is very reliable and fast. Chrome has many excellent extensions (plugins) that are very useful and include a few good PageRank meter options for you to choose from. Of course these PageRank meter plugins are only useful if Google updates PageRank for these add on tools.
Please click and read the article below:
Another excellent article to read is:
http://www.hobo-web.co.uk/google-pr-update/The person that wrote this article is 100% correct with every single fact they present. I am very impressed with there knowledge on this subject.
Also this article is useful and interesting to think about:
http://searchenginewatch.com/sew/how-to/2376451/pagerank-dead-what-will-replace-the-green-standard