Watts per channel means a manufacturer is either honestly attempting to provide you with some idea of an amplifier's output capability, or is purposely attempting to mislead you by overstating that capability. A 100wpc amp may not provide any more power into a pair of real-world speakers than a 50wpc one, and that can be true even when both specs are provided honestly. The 8-ohm spec is obtained using a dummy load, not speakers. Bottom line is that wpc specs are often useful, but not all the info is always provided, and when they sound too good to be true for the price, then they are probably untrue.
Best specs will include continuous power into 8, 4, and sometimes even 2 ohms with both channels driven across all audible frequencies (not just at 1khz, which I'm seeing more often these days with some products). Also, many folks don't really need as much power as they think. As usual, it comes down to connecting an amp to a speaker and letting your ears decide.