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It looks like current algorithm ignores count of ratings. e.g. my plugin serialversionUID is 10th top rated :). I am happy with it but this plugin is rated only with one person.
This will be fixed in this week's update of Plugin Portal application. Please stay tuned and thanks for your bug report!
Changing version to Phase 3 and target milestone to TBD.
The incorrectly calculated rating is now fixed. Thanks for your bug report!