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-James- This is kinda late, but I joined September of last year I think. Although to be fair I never got invited to the ROTY tourney last year and my only battles last year were with some irrelevant no-names and Macc.
As for the rest of it, I agree that too many tourneys makes titles less valuable, but I think it also boosts activity. I still like the old system of having a bunch of lesser "green" tourneys and then fewer, more prestigious "orange" tourneys. Or make custom titles for the big tourneys like Diss when he had the "Punchline God" thing. Hell, you could even make it so GC winners get a customizable title like the donors.
Personally, I think anon text tourneys would be hard for me due to excessive nameplay and horrorcore is just fucking lame IMO, but I'm sure they'd still generate activity, so go for it.