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How much damage does this issue really do?

I see many sites in our industry (enterprise software) whose pages are equally heavy with links.  They still seem to enjoy a high page rank.  Look at Microsoft, IBM, Oracle,  Red Hat...

Just wondering how this compares to other issues that would be easier to address.

I don't know what you mean that users don't see the links and Google does.

I mean that most of these links are on drop-down menus so they aren't visible unless someone hovers over the tab.  My point was that the user experience isn't affected by the presence of all of these links on the page, even though it is a problem from an SEO perspective.

The page in question is:  http://www.novell.com/products/groupwise/ -- but since we use the same global navigation across the entire site, every page on the site is getting the same SEOMoz warning about too many links.

We are getting reports that there are too many links on most of the pages in one of the sites we manage.

Not just a few too many...  275 (versus <100 that is the target).

The entire site is built with a very heavy global navigation, which contains a lot of links -- so while the users don't see all of that, Google does.

Short of re-architecting the site, can you suggest ways to provide site navigation that don't violate this rule?

We are getting reports that there are too many links on most of the pages in one of the sites we manage.

Not just a few too many...  275 (versus <100 that is the target).

The entire site is built with a very heavy global navigation, which contains a lot of links -- so while the users don't see all of that, Google does.

Short of re-architecting the site, can you suggest ways to provide site navigation that don't violate this rule?