If Google has a way of incorporating this data into the algo, it is the kind of feedback that search engines love,but it has to be taken with a grain of salt.
If for a particular search term the majority of searchers do not click on the top say five results then it is indicative of those top five results not really being what the searchers were looking for, which goes to the relevancy of the results.
But the decision to click on a result is based on more than just the position on the page but by how well written the page title and snippet are, and thus this sort of feed back could be highly influenced by these factors which have nothing to do with relevancy.
A nice feedback tool though.
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