Giving spiteful remarks wont get the suggestion anywhere, to simply agree with the points you agree with and building up on it would be optimal for progression and explaining.
The old sytem had 30 ranks of threat displayed, the one now only have 4.
The old threat icons basicly gave people something to strive for, status is a thing most people want(similar to mmr in any competitive game).
But the way i see it, it isn't only for status, you could use it in combat to see who to look out for and to handle them differently.
Also, the problem with the current system, the skill gap from a "low gold" to a "top gold" could be more than a bronze to a "low gold".
And during matchmaking you can't see the balanse on the teams, even if it is a full silver team aganst a full gold team, there might not be alot of difference in the team skill(example Top silvers vs Low golds).