http://forum.joomla.org/viewtopic.php?f=262&t=544219
where the question of what to do with old rating and reviews was put. This thread is to split out the discussion of alternatives or improvements to the rating system on the JED so we can keep the other thread clean

The problem with the 1-5 rating system as I see it is that it's a very subjective scale where each value is not equal for all. One person's 4 is another's 5, and so on. Coupled with that is what does a 1 mean and what does a 5 mean. Is 1-5 really bad to really good or is 1-5 a range of "it installs" through to "it does everything I want it to". All up this presents confusion to visitors trying to interpret what a rating of 3.64 means, and it also sends a confusing message to the developer.
My suggestion is to ditch the current rating system and replace it with a single "I use this" system similar to http://osx.iusethis.com You would retain the favourite system but a registered user would simply state whether they use an extension or not. From time to time, they would go through their list and update what they aren't using anymore, and catch up on things they realise they've been using for a while. The big advantage to this is it's not a subjective rating - it's either a yes or know and easily interpreted visitor and lister alike. It also avoids the negativity of the protest 1 and 2 voting that you can get. Either a person uses it, or they don't. If it's used and favoured, people can draw their own conclusions.
Such a system would allow for useful badges a lister could use on their site, eg "123 people use this" (compare that to "3.64 rating out of 5 votes on the JED"). I would also suggest change the ordering on the listing pages to be via either Most Used, Most Favoured or Last Updated. That gives 3 good, objective (relatively anyway) metrics to help a visitor choose an extension. It would also allow for pages for individual users like this:
http://osx.iusethis.com/user/eddieajau
I think pages where you can see what other people are actually using would be a useful tool for users of the JED, certainly more useful than just trying to interpret what the average of a 1-5 rating means. What we are after is a way to help the user triage the vast number of extensions available. Once they have a shortlist, obviously the reviews come into play. At least, that's how I use the I Use This site.
Anyway, that's a sketch of an idea - not perfect by any means. Over to others to throw other ideas into the melting pot...