The crappy thing about that is warranties. Apple, for example (at least last I checked; I don't use a Mac anymore) , would replace a battery if it had under some number of charge cycles (and presumably was less than a year old), but not if it had more than that number.
That means that if you treat your battery really nicely by always keeping its charge between 40% and 60%, and it turns out to be defective, they probably won't replace it because of how many "cycles" it has gone through.
Of course, those kinds of cycles have very little to do with the longevity of a Li+ or LiPo battery anyway. A better metric would be total energy output over time, which would be far simpler to calculate anyway.