It is like that, don't worry. The link that you have to go to to see your Meta points is
Points in the Meta currently have no use, so don't worry about having really low points.
Now, if you have 500 points on Meta, you become a Meta Expert. You will be able to:
- Voting on questions
- Voting on answers
- Editing any question
- Editing any answer
- Flagging posts
Also, you can now click on your Gravatar while on Meta to access your Meta profile.