It has lost a bit of use for me since Amazon dropped their qualification for free postage from £15 to £5 in the UK. I used to use the Wish List to keep a list of DVDs and books that could bring my shopping basket over the £15 rather than having to spend a couple of pounds extra to get my purchase delivered.
I still use it as a list to remind me of prices or of items that I happen to see while shopping for something else
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