This algorithm update by Google is not only important for SEO’s but it’s important for Website Designer also.
With this update Google will penalize websites in which content appears below the fold. So, if the user/website visitor has to scroll down to see the content then it’s a bad user experience and Google will consider it as a negative factor.
So, SEO’s must take care that this doesn’t happen and website designer should make a layout which follows this guideline.
Have a great week ahead. J
For more details see Google Webmaster Blog: http://goo.gl/eQDum