I don't know, it's not a horrible title, but it does go along the lines of Legendary in its blandness.  There have been threads about this before, but I can't recall exactly what names have been suggested and I don't recall having heard many that I was really enthusiastic about.

At one point I absolutely thought there probably should be at least one more rank above Legendary, since with time the number of Legendaries would be huge and there wouldn't be much that was special about it.  Now, with these merit requirements that are going to have noobs pulling out their hair for years, I'm not so sure about that.  Even lower-ranked members who aren't shitposters are having a hell of a time ranking up to Sr. Member or Hero, much less Legendary.  At this point a higher-ranked title means more than ever.