I don't see the point of this topic but i almost agreed with the TO. If it true that Google is using Analytics to monitor your bounce rating for SERP then i am not sure i am willing to use it anymore for some of my websites.
yea.. its too helpful tool for tracking data and for improving our work and our website traffic.. _______________ Web Design India
I think it is good tool for tracking website stats definitely and one can rely to it. However no analytics tool is 100% perfect.
Yes its perfect and give you accurate data all the time with lots of feature to explore everything and also help in SEO.