I do think the reputation system should be removed, and more ranks should be added to users.
There are too many "Gurus" around here and being a "Guru" implies that you have a high level of knowledge about something. This is not something which I have seen from a large number of members here and many posts are simple "lol"s or something similar in order to boost, as well as being outright wrong. It is a classic case of quantity over quality so I think the title "Guru" is misleading.
I propose turning off post counts, turning off reputation and having a whole new set of ranks which trigger automatically depending on post count or moderator discretion.
Reputation is being abused, there are endless threads saying "w00t Im a guru and your not
" (well done, you have officially spammed your way up to one thousand posts, would you like a trophy with that?). Why is being a Guru something to be excited about? They are ten-a-penny on this forum so it is hardly special, and it just proves you are posting too much when your time would be best spent doing other things. Also, being a "Guru" on this forum does not necessarily show that you know anything at all, it just shows you are prepared to post more mindless drivel than others.
If post count is not removed universally, I feel it should be removed from the Social Lounge at least.