Do AP scores play a factor in college admissions?

I know you self report scores on the common app, and AP scores are mostly used for college credit, but do high AP scores have any effect on college admission decisions?!

If you passed your AP Exam with a 3, 4, or 5, It’s up to the college to decide. If you scored a 1 or 2, they will not count the score, and it won’t hurt your admissions process.

Closing thread. There are soooooooo many variations of this question that has been asked this week. Below is an example. Feel free to continue the discussion there.
http://talk.collegeconfidential.com/college-admissions/1903551-ap-scores-impact.html#latest