yeah, i agree. this sounds really good in theory, but the reality of rating all my goddamn songs doesn't sound too hot at all
edit: unless there's a way to mass-mark everything as a 2 or a 3, then adjust as needed. also: i'd use ">2 to be in the core, >3 to be a favourite" but that's just me.
ratings i use:
1 = bad song on an otherwise good album (otherwise why would you keep it?)
2 = "ok", but you don't want to listen to it all that often (or say, a novelty song you don't want popping up in a random playlist)
3 = average
4 = good
5 = awesome