I might be old fashioned, but I've never liked sites that had a title hierarchy based on post count. It makes people post more than they normally would just to get to that next tier. A lot of you don't seem to have a problem with it, but there are certain people who abuse it. I can think of at least two people who do at the moment. I'm just glad that it stays confined to the Off Topic forum for the most part.
I don't have any say in this more than anyone else does, but I'd like to see it done away with. In it's place, why not allow people to give themselves any title they want, as Jay has suggested in this thread.