Each month less and less people bother to leave feedback.

ebay is more willing to remove feedback now than ever before. 

Buyers can only receive positive.

Sellers with terrible feedback still get purchased from.

etc etc etc

It just doesn't seem to be as important as it once was and millions of people happily shop on websites, that have no feedback system, every day.

Has the usefulness of feedback, in its present state, had its run?

Personally I would like it changed to a transaction count for both buyers and sellers.

Buyers would rate a transaction (possibly with a rank out of 10) and the seller would receive an overall satisfaction rating garnered from an average of all rankings.

It would be quick and should be compulsory.

Buyers pages would show the average satisfaction rating left for others.

Buyers could opt out of seeing items in searches from sellers whose rankings fall below a set level and sellers could block buyers who left rankings below their desired level.

The comments can go altogether. Sellers would not rate buyers at all.

What do you think? Has feedback had its run? How would you change it?