I use goodreads as a librarian to find "similar" books for my patrons. I don't read a lot of cozy mysteries or romance so I use goodreads as a way to brush up on titles, find popular authors, and find lists that users have created. All in all, I think it is a great resource--better than fantastic fiction.
I use the database features and search, but I don't really get involved with any of the "social" aspects, other than to trade reading recommendations with people I already know IRL.
If I were an author, I would certainly invest the time to establish a profile and make sure all my books were properly entered. After that, the returns on invested energy are going to decline quickly.
And then we all jump out and yell "surprise! we got you this tiny ad!"
Your suggestions have been mashed into the PIE page - wuddyathink?