1. Request for introductions. If there's anyone I want to get connected with, first place I go to is LinkedIn and see if he is friends with any of my friends. If a friend of mine knows him, I will ask my friend to send a personal intro.
2. Look for outside experts. Yesterday I was looking to connect with some iPhone game devs. I posted a discussion on 2 LinkedIn groups (GameDevs, and Social Game Devs), and I have received over 10 messages already.
It's a really powerful tool to create professional relationships.
I use LinkedIn to gather info only, then find them on Facebook; they reply awesome, if not move onto the next one! I did subscribe once to LinkedIn and let them continue to charge my card. Though once i tried to cancel it i ended up in web consumer cancelation purgatory; they let u in but make insanely difficult to leave. All web services do this - ick. Have a dislike for LinkedIn and all that pull such crap!
2. I have got at least one job where the hiring manager found me on LinkedIn
3. It's my rolodex
There are other uses. It's not a high touch service, but definitely very useful.
I started using it actually after a few of my friends have got jobs by using linkedin to contact former co-workers to see if their current workplace has anything available.