Google made some significant changes to their search results pages yesterday. No announcement or fanfare....but they could have a significant impact on the way your site is ranked.
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The votes and changes you make will only appear on your Google results pages; they won't influence the result that other people see when doing a similiar search on their computers. However, it is hard to imagine that Google won't take note of this valuable user input, especially if they see patterns emerging for individual websites. I think this information will find its way into the search algorithm before very long.
So what are the implications to you as a content website or blog owner?
Simply this.
If you create great content it will get positive votes. If you create average or poor content you will get negative votes. In the medium term this will feed back into Google's pagerank algorithm and will determine how much traffic your site receives.
Here is Google's own video describing how SearchWiki works: