Personally, I'd like to see some drastic changes to the MVP program - even though I probably wouldn't be one under the new system.

First of all, there are too many MVPs - especially in some fields, like ASP.NET.

Secondly, the MVP process isn't transparent at all. I believe RD's have a point system, which seems like a good idea to me. Come january, will my MVP lead know that I answer 1-2 emails a day about the articles I've written in the past or will he only see that I write less?

Thirdly, it needs to be much more restrictive. I've seen some MVPs put out some pretty shitty advice - although for the most part, the majority of MVPs are top quality gurus.

Microsoft has to give more value to the MVP program. Specifically, an MVP should be worth about 100 MCPs when it comes to partner points. Similarly, MVPs should be given more direct hooks into Microsoft.

I also think "MVPs" is too global. It's used for IT professionals, application experts, gaming people and developers. How well respected can a C# MVP be when there are XBox MVPs and Frontpage MVPs out there?

Paul Wilson had his MVP revoked?  WOW now that is ridiculous.

http://www.community-credit.com give a good pulse of what is going on in the community

We should nominate you then :P