PW Select for Self-Publishers: Good or Bad?

Publishers Weekly announced earlier this week they would be providing a new review service for self-published books, PW Select. There is a fee of $149 associated with having your book registered (not necessarily reviewed).

If you’d like to follow the chatter on the fee-based service, here’s a good thread: http://accrispin.blogspot.com/2010/08/pw-select-opportunity-or-exploitation.html?showComment=1282832005333#c3667469643555508700