I see the rating system is back.....Sorta surprised really. I thought it was a good idea to get rid of it because of all the issues it caused. Hopefully it will be better this time. Somehow, I don't think so......

I saw that too and think it will work the way it is setup. It only shows an average total and everyones rating seems to be private. I can't see how you rate any videos, so one bad rating will be averaged into the bunch and probably not affect things to much when you have hundreds of others rating as well.

I think you are right...

I see the rating but I don't see a way to rate one. Am I missing something, like usual ?

Just hold your mouse pointer over the stars and select a rating, press your left mouse button. You have to be signed in (have the comment line at the bottom) to be able to rate. If you're not logged in it will say to login on the right of the stars.