I did read it. If the voting does not matter, then what is the point of it?
All bugs are organised by severity and priority; however, those two aspects DO NOT ALWAYS align with the player base; they are almost always decided by the development team or a manager (eg Product Owner); usually based on the amount of work required, and the financial impact. It doesn't make sense to fix a bug that's not bringing in money versus one that is affecting income. It also doesn't make sense to fix a bug (right now) that has a workaround, instead of one that doesn't.
By providing us with a way to vote, it gives the development team the information they need to make more informed decisions towards which bugs are prioritised.
For example, a bug could for example, not turn on your wind screen wipers right? Now, the development team will go "Ok, but players can still do X by doing Y or Z." Normally that bug would get a low priority and a medium severity. However, if 10,000 voted on fixing the windscreen wipers, that priority would change to a high priority, meaning it would land on a dev's desk faster than it normally would.
The end result of this, means Frontier will spend less time focusing on less important bugs and more time on bugs that we, as a community, feel are important.
Unless you actually work in software development, I don't think you will be able to fully appreciate how great this is (I mean no disrespect by this). I've already shown it to my boss, and he was excited by the idea and is taking further up the chain so they can investigate it and see if it's something we can implement.
Maybe it is the pessimist in me,
It is.
..but I am not buying the corporate speak about still looking at other bug reports and that voting will not determine what gets fixed and what does not.
That's fine. You don't have to.
They already ignore numerous bug reports,
Proof, please.
...do not even acknowledge them.
You do not require, nor are you even entitled to one.
I guess that will not change either, but my guess is they will now focus on the ones getting votes.
They won't focus on those exclusively, but the voting system allows them to see which bugs are important to the community; and be able to accurately gauge the priority of that bug; instead of looking at it from a development, and financial perspective.