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Social bookmarking is effective as an SEO tactic as long as you are doing it the right way. For example, Delicious is a great bookmarking website from Yahoo! but if you are not active in Delicious itself, that is, if you are not following people on it, engaging with the crowd, and no one is following you on it, it's just another website for you. Earlier you could have enabled a backlink to your website but nowadays almost all "good" social bookmarking sites give out nofollow links. So if you want to utilise social bookmarking as part of your SEO plan, try to spend 4-5 hours every week on the websites you believe will add value to your own website.
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