I've used it for data gathering, but found it to be a pretty homogenous group of people. What has your experience been?
Once you realize these large groups of people exist, you can still get useful work done by accounting for obvious biases.
Disclaimer: I've used MTurk both for surveys as a requester and also used it as a Turker for a month two years ago, whenever I got bored.
I saw so many Kahneman inspired studies it was not even funny at the end. (Monty Hall problems, priming, $1.10 bat+ball problem, etc etc) . I ended up making around $6 an hour.
The best problems were porno classification problems.
I suppose that is standard stuff you do in psychology these days.