Well, in theory it's a good idea...I guess. More like, I really WANT to think it's a good idea. Sounds more like "Senior Superlatives" ("Most likely to piss off a tailgater with the cunning use of a Chanel compact" and the like) than awards. I don't have any objections to it per se, and it could be fun in theory but I don't know how it would work in application because hey, even Communism works on paper.
My only concern is that it could be the same as the recognition for donating to the site. Devisive and what not.
Either way, I'm sure that dream was more interesting than the ones where you jump off the Washington Monument into a pile of cigars.