Does Technorati Work Anymore?

I get a fair number of new links on Technorati each week. But the number of links it lists hasn't changed in half a year. In fact, it's stayed at the same number of inbound links for even longer than that. My traffic is up by a factor of 10 over last year, so it seems like something must have changed. Any parallel experiences? (I know, I really shouldn't pay attention to that kind of stuff, but it just seems strange. I look at Techno to see who links in...and if they're good eggs I still give them linky love.)