Yeah you're right, initially they (as in the GRandmasters I believe) decided to implement a medal system where people were awarded medals for certain things to make up for the lack of ranks as in the old board (and trust me, there was A LOT of commotion kicked up about no ranking system) but it's never been started up, I'm sure you've seen the post counts topic in the Misc board, well this is a year after the switch to beta and they've only just succumbed to the almost incessant whining of certain individuals so I doubt medals will be started very soon, the GRandmasters have more important things to worry about such as, you know, running the site.
Sam