Every company I've worked at for software development has had review / feedback opportunities for my manager. I can't imagine working at a company where feedback from direct reports wasn't a major factor in someone's job performance evaluation.
Then again, I've been very selective in where I work. People like to bash the "culture" stereotype, but it's definitely something I consider when I'm looking for a job... you know, how people are expected to interact with other people, not whether there are ball pits and the like.
If only there was a way for employees to rate their Manager instead of the other way.