It's even worse than that. As I understand it, the definition is not "a measurement of how often a user executes a search, and then goes to a webpage from the set of links" but rather "a measurement of how often a user executes a search, and then goes to a different website." That is, I believe Hitwise has no way of knowing whether the user clicks on a link from the search results vs. just navigating to a different page.
One simple example where this fails: http://www.google.com/search?hl=en&source=hp&q=circu...
The answer is shown three times in the results. There is no need to click on anything. Did the testers compare these results for Google and Bing?