I think titles add a little something to look for, especially if they are more granular than today. I love my Evangelist title as it shows all the hard posting work I've done on FT over the years.
Oh, wait, I don't have a title anymore. I hate titles and think we should get rid of all of them. Titles don't add anything to the core of FT (miles/points) and really can just confuse people more than anything else.
Oh, wait, I'm pretty close to getting my Evangelist title back. I've decided I like titles again and we should keep them. The more the merrier.
Personally, titles are like the post count. At best its just something there to see as I'm looking at the various threads/posts that interest me. I guess my main interest at the moment is in wanting to know whats after the "Posting Legend" title.