Very good points and I agree with all of them. Honors will probably just lead to "elitism" with people thinking they are better than others and I don't want to see that happen.
You never know if they're hidden ;) Such situations are bound to happen. We can't monitor the boards 24/7.. And in my humble opinion (knowing some of the users) I'm not ready to give up that resonsability to the users. Just my opinion.
In my opinion it's not necessary. We already have the new report system running. It is supposed to help us a bit, so yet an other helping system is a bit abundant :P Necromancer_Magic, that button is part the new system (http://forum.tip.it/viewtopic.php?t=451896)