The possibilities of a realistic interpretation of quantum mechanics are investigated by means of a statistical analysis of experiments performed on the simplest type of quantum systems carrying spin or helicity. To this end, fundamental experiments, some new, for measuring polarization are reviewed and (re)analyzed. Theunsharp reality of spin is essential in the interpretation of some of these experiments and represents a natural motivation for recent generalizations of quantum mechanics to a theory incorporating effect-valued measures as unsharp observables and generalized (...) systems of imprimitivity. (shrink)