1. Older domain name means better rankings? – Yes if your domain is older than 1 year it will more likely put you in stand for better rankings. This is a tough gig for any domain that is younger than 1 year and has great content. Best to get those landing pages up quickly and submissions to Google even while you are building the website.
2. More links pointing to your site means better rankings – Before if you had high quality links pointing to your website you would get better rankings. Google has slightly modified this and has given lots of links with little relevance more importance. I would suggest you increase your inbound links regardless of what changes in Google although start thinking about volume now too!
More changes will occur over the weekend and you will see your results move around quite a bit.
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Let me know how this has effected you?