It's not totally meaningless, but darn near. In this case, he's dropping zero volts across the switch when the switch is ON, which is normal, but the light should be lit. However, 67 volts across a (presumably) open circuit (when the switch is OFF), is definitely NOT normal (should be 120), so something ain't right. (I'm assuming a high-impedance voltmeter here.) You can quickly test the switch by a) turning off the breaker, b) removing the switch, and c) jumping the 2 wires together, to simulate an ON switch. When you turn on the breaker, the light should light. How old is the house, wiring, light, and switch?