The hit counter is definitely not working. I posted a new page: http://www.summitpost.org/silver-peak-west-peak/945869
I posted it on Facebook for my friends, and gained basically no new hits. I signed off and clicked on the page - no new hits. I went on my work cell phone where I wasn't signed in - clicked on the page a few times - no hits.
I signed in and clicked on other people's pages, and added hits. Then I signed off and clicked on other people's pages. No new hits.
Clearly, hits aren't tracked unless the hits come from an existing member.