I have several terms on page two of Google's SERPs, and have no appreciable traffic from these listings, as opposed to listings on page 1, which do get decent traffic. I notice that your site is now on page one, in the bottom spot. You probably would see some increase now.
It is hard to imagine Google being able to "throttle traffic" as you suggest.. the only way to do so would be to give users that click on the link an error message, and if searchers start getting error messages when clicking on results, Google would start losing credibility.
Also, if you do searches for something even more "core" for Google, such as the term "video downloads" Google and YouTube aren't even on the first page.
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The best way to learn anything, is to question everything.
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