deadsea - 12:18 pm on Dec 1, 2012 (gmt 0)
Google does sort the 404s by "priority". Do actual problems bubble up to the top for you?
I'd like to see you be able to sort the 404s by "number of current internal links", and "number of current external links" in that report. You'd think that Google's priority metric would already have the urls sorted by number of links to the page somehow.