It also seems like there are many more products needing reviews than reviewers. I've never worried about being negative.
And finally, the item is definitely not free:
* Amazon displays the tax value of each item we're offered for review, and reports it to the IRS if we choose it. So literally, the product is taxable income.
* Some items, like books, take a lot more time and effort, compared to their monetary value. But all items require time.
* Some items have collateral costs. Just a couple of examples: I once reviewed an AC/DC converter for the car which blew a fuse when I tried it out. That cost me a trip to the repair shop. Another time I reviewed a floor lamp which arrived destroyed in the box and left my living room speckled in glass shards and styrofoam pieces.
tldr; To me, it's a contractual relationship that I'll continue doing as long as it makes sense to me.