Meta's are still given value by yahoo. Read this resource: (taken from this source
The Importance of Keywords Meta Tag in SEO )
Quote:
Type the following into Google, Yahoo, and MSN only without the quotations, “dsrurejjnr“. This is a made up phrase that appears only in the keyword description tags of Real Good Furniture (take a look at the website’s source code). [note, some geocities spammy pages are listing it too]
Now look at the SERPS and notice that only in Yahoo does the site appear number one. It is not even listed on Google or MSN. The takeaway is that while the importance of this tag is minimal, Yahoo still gives it some weight.
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