I'm beginning to question it.
Now I don't question the studies and experiment reports -- those obviously ought to be placed under the highest scrutiny possible.
But scholarship has in many ways exceeded the boundaries of justification. Indeed, the more I understand the system, the more I perceive that it is a means of punishing those who do not submit to established academic interests.
On Google Knol, you can vote for articles. I do see peer review as an important part of checking popularity contests. But I must ask myself what purpose the various Jungian journals, in particular, actually have.