There are several factors that Google uses to decide where to rank your site for certain keywords.
1) Number of Quality Inbound Links
2) Body Content
3) Number of pages
etc... etc.
Having a quality link like the Yahoo Directory tells Google that my page is "serious" and once it starts getting traffic it may help my overall rank for different keywords. (I strongly emphasize "MAY")
It's not about these directories getting your URL out to people because that's not what they do. It's about building quality inbound links. I've gotten nice traffic without the Yahoo directory too but it never hurts to keep building quality inbound links. It may give you an even better boost in the long run.
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