I had hoped to find some detractors scourge the Wikiian Oracle just a little. I've known self-assured academics to close up like snapdragons at mention of it, but I've never gotten any of them to back up their distaste with any countervailing sources or principled objections, other than the one's I hear from people who don't read at all.
I have found the wikipedia to be an incredible accelerator to my learning. It is important to think a lot about the sources for what you read there. A knowledge of what sorts of topics are likely to suffer warpage and deceit are important to keep in mind.
These things said, it has this going for it: If just one contributor knows and tells the truth, then the truth will be there to find. The presence of chaff is always possible, but if you can reasonably believe that an unbiased editor has *ever* been on a given topic, then you can also believe that the right answer is among the claims represented.
Many detractors don't appear to think very deeply about the interconnected nature of knowledge. Pure BS dries up and blows away, because everything is cross-referenced in a way that reflects a lot of sunlight on it all. I never read one page at a time; I 'open in new tab' every relevant term that I need amplification on. I call it a 'wiki-dive'. When researching something foreign to me I typically will have ten pages or more waiting for me to slog through. I tend to get informed rather quickly that way. I also routinely pop open things in the 'external links' section, but in truth, the amount of chaff in the way on most official sources is too much to handle.
Two other resources come to hand very often for me.
One is Project Gutenberg. My focus has been literature, lately, and there is nothing like having the ability to call up whole books, free of interference, in an instant. When I read Goethe's Faust, recently, I became curious about how certain phrases would translate to the original German. So, I called up the original German version from Project Gutenberg and read the two books side by side.
The other is Google Books. This one is a sad, weak and infuriatingly crippled facsimile of the aforementioned resource; one tends to end up with poor quality scans, often with visible gloved hands in the frames. Also, even on books in the public domain they tend not to have the whole thing available. Just the same, I have learned a lot this way. The De Re Metallica was all available this way, and that was a hell of an interesting book.
But returning to Wikipedia; I must agree with the other posters that this is likely to become the de-facto standard of the world in short order. Anybody who finds it deficient is a Grinch if they don't fix it! For this reason, there is little reason to accept the criticisms reflexively doled out against it. Those who dismiss it out of hand based on 'common sense' have less sense than they think! I am in favour of banning it's use for academic papers, simply because this will drive it forward, rather than making an insular echo-chamber of it. Just the same, I cannot fathom not using it to direct me to the source material I would use for writing papers in school. Digging back to original sources is one thing it is very good for. The sheer lack of interference by advertisements and committees would be worth paying for, but paradoxically, the more you pay the more such interference seems to creep in.
The only criticisms of the Wikipedia I have ever taken as concerning were as follows: Complaints by some technologists that their edits were reversed, when in fact they were sure they were correct. Attribution of such claims is impossible, however, and mainstream aggregate sources are certain to suffer from the same defects, only more so. More Troubling were reports of editing campaigns coming out of Capitol Hill, and other such places. I cannot deny that active misinformation, if a good enough simulacrum of history can be constructed, could warp the Wikipedia to dangerous effect. However, all of history has surely been affected in just this sort of way, even before crowdsourcing was conceived.