Actually, I think given the right circumstances, this would inspire a slightly higher level of competition.
It is not a terrible idea.
However most of the scene is tired and worn and I really think there is no point anymore, since no-one really cares enough to be inspired but just enough to complain about things.
I know for instance that the VIC PR to some small extent gives some competitive drive to at least some of the following: Earl, Jei, Dean, Toshiba, Nicks (when he was here).
So it's worth it, and especially since it's a VIC PR not an AUS PR it's easier and takes less time and is easier to get right.
I don't KNOW about everyone, but I'm pretty sure that Jaice and Earl are probably the only people who are going to be on the AUS PR and will have a drive to climb higher upon it. In any case, I don't think it'll be worth it because I think the majority either:
A) would rather complain than improve convincingly to change their position
B) Don't care enough to do better to change their position
Personally I don't want to be on the panel anymore because I don't care about how good anyone is and I don't care about the game anymore either. I still intend to do well at BaM2K11 though.
Anyway, this probably would have worked in 2009.
Of course, it still can. If you guys still want to do it, go ahead!