Confirmed: Google is Eliminating PageRank Toolbar

It is authenticated news that Google is going to remove the Toolbar PageRank. It is stated that if you are using a browser or tool that illustrate you PageRank data from Google, will vanish within next two weeks.

Google also has clarified that the internal ranking algorithm with PageRank will be in use, while the external PageRank values illustrated on the toolbar will be removed completely.
It is to be noted that for many years, Gooogle has taken away the PageRank from their Toolbars and browsers and did not update the PR score for years.