Bestseller Lists and Dodo Birds?

Do bestseller lists have a place in modern bookselling? Warren Adler (The War of the Roses, The Serpent’s Bite) doesn’t think so. Stating an eloquent case in The Huffington Post yesterday, Adler writes:
It may be time for the media that covers the book business to stop publishing best seller lists. They are, in today's book choosing environment, disorienting, unhelpful and confusing, a valiant