A WebmasterWorld thread has a webmaster who has a site that doesn't have any real content. It is basically statistical downloads and specifications downloadable as PDFs or Zip files.
Can you rank web pages with no content at all in Google?
A good example of a page that ranks without having the exact words on it is the Adobe Reader page which ranks for [click here].
But what about a page with almost no content? It is possible to rank on anchor text alone?
Yes, but it has to be very obscure and non-competitive words.