My point of view is very simple - meta is not something of crucial importance. But whenever I have the chance to use proper keywords in meta - I do that. I think that good meta can sometimes be a nice factor to give extra boost.
P.S. And don't forget that Google still displays the 'decsription' in its results and bolds the keywords that fit to the search query. That is why I think in todays very competitive market every chance to get extra boost cannot be missed. And meta can be this extra boost by no doubt.
P.P.S. Some tinier search engines still use meta. Of course, they can't give the loads of traffic like Google and Yahoo. But I am never against extra 10-20 people per month if they come from small search engine, because there are no 'extra clients' in the business.