I have deeply mixed feelings about it. It's basically a huge kingmaker situation, where players who no longer have any stake in the game decide the outcome. But what it really means is that the entire game is about figuring out the psychology of how to get these kingmakers to make you king. It's weird that such non-game reasoning becomes a game skill, and it's certainly not a game I'd ever want to play myself, but it's fascinating to watch.

If you like that, you should also check out Big Brother, which I think starts in June. It has the same jury mechanism, but a lot more interesting game structure leading up to it. Unfortunately the players tend to be more annoying than in Survivor, since the struggle to survive is replaced by the struggle to remain sane in a locked house, but it's still pretty entertaining as a game.