I really like this idea too and it'd give more meaning/weight/value to the current award system. Like Fiji said, it's cool that we get these nifty little banners, but there's not a lot of motivation to collect them (unless you're me and you're just happy to do whatever the board asks of you, lol).
Also, I wanted to throw in a few more suggestions about what we can spend points on (we don't have to do all of them, it's just some ideas):
- Names changes
- Title changes (e.g. Elite, Noble to something customized)