Google's Ranking Factors 2011 document summarizes data from an SEOmoz survey of 132 SEO professionals and correlation data from over 10,000 keyword rankings. The key findings were:
1) SEOs now believe link-based factors comprise around 45% of Google's algorithm, down from over 65% in 2009.
2) Diversity of links is more important than raw link quantity based on correlations and SEO opinions.
3) Facebook shares have the single highest positive correlation with search rankings of any metric analyzed.