The system has only been in place for 44 days and there are hundreds of members that have received more than 44 merits so obviously, that is true.
Yes, and I am one of those people who prove your point. The problem is, and always has been, that good posts are immediately swamped in a tidal wave of bullshit--and the number of garbage posts outnumbers the number of good ones by probably a factor of 10. And excellent posts, such as the ones nullius makes, are rare.
Frankly I don't think people should have given me merits for my posts. They should have given them to someone with a lower rank who needs to rank up, but whatever. It's definitely a lot harder to find a Jr. Member making really good posts than it is a Hero or Legendary member.