I turned them off. Now if only I could blow away post counts...
Right on, Dave. This rep system was the one I've discussed before, that I've used on a board with thousands of users. I tend to agree that it's somewhat overkill here.
However, I don't have a problem with post counts. It doesn't have anything to do with quality of posts (obviously, just check out mine), but I find it useful when people outside the Rogue's Gallery post, as a bit of added information about their board use (lurker, first-time poster, etc.).
I think the people to whom it matters will continue to inflate theirs, and the people to whom it doesn't will just ignore the whole thing.