Here's a test. Pick a subject that you are expert in, or even have a good passing knowledge of -- any subject, pick a few even. Go to the wikipedia page on that topic, and you will find inconsistencies, inaccuracies, conjecture, missing information and sometimes downright lies.
I've found Wikipedia to be very accurate on topics in mathematics, physics, basic chemisry, and other 'nerdy but not controversial' topics (especially as a general reference for formulas, constants, and methods). When I've examined articles on topics about which I'm especially familiar I've found that writing quality and organization are pretty good indicators of accuracy. I assume that applies broadly.
That's not the point, though. You're absolutely right that wikipedia shouldn't be the final source for anything critically important (with few exceptions). But it is good enough for most casual (entertainment) tasks, and even many professional ones, assuming you work with hard sciences.