I don't think it is a good idea to apply. With this program, people who have high-rank accounts on bitcointalk can have accounts with high ranks in altcoinstalks forum instantly. Means they have a lack of effort to do, while many members started from zero activity on altcoinstalks have no such easiness from altcoinstalks forum.
its look not fair for old member that spend much effort to get their current rank. but altcoinstalks do this strategy to make their forum be more active and attract new user that not active due rank reason.
I don't have an account on that forum. After I looked in general what the forum is and the activity of its users, I realized that I did not want to have an account there. Maybe someday my opinion will change, but now there is nothing to do there. Even such promotions will not change much.
you could make it first, before this promotion end. someday att account will usefull and you could regret if not make it now.