Are Linkbait Campaigns Hurt By NoFollow?

During the 2006 Las Vegas PubCon, the catch phrase of the week was linkbait. The idea is to create compelling enough content that your niche's audience (and beyond) will want to link to your work. Most of the time, this content is distributed through blog entries or articles focusing on the subject you are targeting. It's a simple concept really - create interesting enough content and people will link to you. Because of the nature of this golden content (blogs, articles and feeds), many links will probably come from social bookmark sites like