Well My site has Alexa of # Alexa Traffic Rank: 1,122,145 #Traffic Rank in IN: 128,520 Don't think that is less . lol .
Only 4,83,968 rank http://www.alexa.com/siteinfo/hiswat.info many say Alexa rank does n't have effect. Bcoz u can trigger it to get good rank by some tricks..
yes I agree with you alexa rank is not a standard that a seo follow this. Lots of sites having no keyword position and less visitors but good alexa rank.
Just checked my new url shortening site and its 2,599,227 which is not the best but it was 8 odd million on wednesday,so i guess it is moving in the right direction.