Weak values arise in quantum theory when the result of a weak measurement is conditioned on a subsequent strong measurement. The majority of the trials are discarded, leaving only very few successful events. Intriguingly those can display a substantial signal amplification. This raises the question of whether weak values carry potential to improve the performance of quantum sensors, and indeed a number of impressive experimental results suggested this may be the case. By contrast, recent theoretical studies have found the opposite: using weak-values to obtain an amplification generally worsens metrological performance. This survey summarises the implications of those studies, which call for a reappraisal of weak values' utility and for further work to reconcile theory and experiment.