Electoral College

I recently discovered that America has an Electoral College. This pretty much means that an average Joe's vote doesn't matter, only the votes from the 538 representatives do (however, the representatives are elected, so there is a trace of democracy here).
My questions to you Americans are:
What do you think about this system? Have you/someone ever complained about this system? Do you think that you might some day get rid of the system?
 
Thanks.

I for one, do not want states which provide 0.05% of the federal tax income to have any more than 0.05% say in who gets elected.