Google Panda updates, is it important to keep track of it?

Over the past few months there has been a lot of fuss about Google Panda Update. Especially I have been looking at a lot of lists circling about the update  dates and people memorizing it like it were going to be a part of the exams. What I am curious is is it important to keep track of each and every thing that google does? I mean why not focus on meaning full content and white hat methods of SEO?

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