That's the number I was wondering about, and even if it turns out to be twice that, it still doesn't seem anywhere near devastating to the forum.  I'm sure Theymos figured there would be sMerits that were going to be stuck in the system indefinitely when he rolled it out.  I'd say that as long as there are enough merit sources, it shouldn't be a problem--and as long as the merit sources are distributed fairly around the forum.  I don't know that they are, because I don't know who all the sources are.  We probably do need some more sources.

On the other hand, I'm having a hard time finding a good mix of lower-ranked members to give merits to, so I don't think the number of people hoarding their sMerits is all that important anyway.