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Boutros said:
specialk said:

If a product has 1,500 reviews on Amazon and a 1.5 star average there is nearly a 100% chance that I will not buy that product. 

It means something. At least to me it does. 

I guess Amazon got better since that verified purchase thing but before that it was equally meaningless as Metacritic.

It's still rather meaningless as Amazon likes to bundle reviews from multiple similar items together.
If you want to buy a movie you get one average score from multiple DVD, Blu-ray and Blu-Ray 3D reviews. If the Blu-Ray quality is shit, but you're only interested in a DVD version, the score is meaningless.
I bought a 47" Samsung TV and Amazon added reviews from all different subversions (basically sizes) into one score. Turns out the 32" version was known to be faulty after 2 years of use, while all other versions were fine. Logically there were tons of bad reviews for the 32" version.