I sincerely don't think it does Snags. I think most of what Google looks at these days involve stuff that is actually visible on pages, and stuff that appears in links to those pages. There are quite a few different factors there.
The rating tags of the type you're discussing are often inserted by html editing programs, or by web masters who might have copied advice off an old article on meta tags. Unfortunately, there is a lot of misinformation on the web. Even from sources that present themselves as legitimate, timely, and experts.
I did a search for the word "http:" to see how many of the sites there came up with that tag. I expect it would be kind of fun to look at the first few thousand, and if I had the time, I might. I suspect that pagerank - the link popularity measure that Google uses - was the prime reason why most of these pages ranked highly.
Microsoft
Page Rank 10
http://www.microsoft.com/<meta http-equiv="PICS-Label" content="(PICS-1.1 &
http://www.rsac.org/...atingsv01.html l gen true r (n 0 s 0 v 0 l 0))">
Altavista
Pagerank 9
http://www.altavista.com/No ratings tag
Yahoo!
Pagerank 10
http://www.yahoo.com/<meta http-equiv="PICS-Label" content='(PICS-1.1 "http://www.icra.org/ratingsv02.html" l r (cz 1 lz 1 nz 1 oz 1 vz 1) gen true for "http://www.yahoo.com" r (cz 1 lz 1 nz 1 oz 1 vz 1) "http://www.rsac.org/ratingsv01.html" l r (n 0 s 0 v 0 l 0) gen true for "http://www.yahoo.com" r (n 0 s 0 v 0 l 0))'>
World Wide Web Consortium
Page Rank 10
http://www.w3.org/No rating tag
My Excite
Page Rank 9
http://www.excite.com/No rating tag
Amazon
Page Rank 9
www.amazon.com/exec/obidos/subst/home/home.html
No rating tag
CNN
Page Rank 9
http://www.cnn.com/No rating tag
Welcome to Lycos!
Page Rank 9
http://www.lycos.com/no rating tag
There are actually quite a few different reasons why a site would do well in search results.
When Ruud says that "The rating tag is still more or less widely used. " he means by web masters, and by html editing programs. Unfortunately, it's not widely used by people and programs that index web sites.