The "how many reviews it got" rule

Does anyone has an example of a component that had
a lot of reviews but turn out to be bad? Based on
what I've seen over the years, if a component had
a lot of people reviewed it, most likely it's a good
component. Such website like www.audioreview.com
which posts reviews of regular users is a good
indication as well. I notice if something that
has a lot of feedbacks from users, it turns out
to be good as well.

Whoa, 2psyop, everybody lies - what a world we live in.

It's obvious that people only review gears that they like.  I don't know of anyone would go out of their way to bring a bad component they don't like to their place and waste their time for a couple of weeks just for the heck of it.
Therefore if a gear is being reviewed, it's most likely a quality component that they already like.  Some have brought up the issue that Stereophile only reviews established brands, well it's the same reason I only purchase components from establish brand because I don't want to take the risk just as Stereophile probably doesn't want to take the risk of reviewing some suspect components that may go out of business the next year.
Now the other issue that brought up is that do any reviewer just outright lie?  Turning a bad component into a good one.  If they did that, I don't think they would be in business for very long.  I doubt a lot of reviewers do that.  Some have brought up this issue but I am not sure there was any evidence other than hearsay. 

But it's probably true that some established professional magazine such as HiFi+ or Stereophile do have their preferred brands but that does not mean they misrepresent themselves in the reviews.  It's like advertisements.  Their ads money may steer them toward a certain brands than others but that does not mean their reviews are less than honest.

I don’t think any of our current mags come close to the standard he attained

I don't think it's a fair criticism.  If it were that, then we wouldn't have Ferrari or Lamborghini. 

Tannoys a big name but rarely do their big speakers get reviewed. These are companies with great, efficient speakers.

I think in order for a product to get reviewed, it either has to have one of these:
1. The company has to have some sort of relationship with the magazine either through PR or advertisement.
2. The product has to be a revolution of very outstanding of some types and competitive in pricing vs its peers.

For #1, it’s rather obvious.
For #2, I could name a few components that have had universal acceptance. I don’t know them all but I can certainly name a few. Arcam CD23, Conrad Johnson 17LS, ART preamp, Simaudio Moon W3 amp, Thiel CS2.4, Pass Lab XP10, Living Voice
Those above if you do search on the web, they were reviewed by pretty everybody including their grand parents.