edo - i think that example better fits on the [hokanai] page...
dc
In general it "lowers" whatever is before it. I was at first confused when I saw this by itself (Without having の方が to tell me what it exactly was worse/better than), and was hesitant about using it in conversation; I wasn't sure if I was making myself lower or someone else lower.
LittleFish
#1194 bamboo-san, I think 現実は聞いたことよりももっと悲しい。 would be better.