I also noticed that there have been some threads already created by members related to ranking up but this sounds abit different from them, if we are to also consider some of those threads i believe not all of them have been active just as mentioned by AnotherAlt, I know Ratimov to be one of the user i respected so much and i believe in his delivery capacity but there are more reasons that must have led to the pause on his thread, but either of it all i don't think this thread as well will counter the effectiveness of the existing ones but instead compliment each other as long as the standard to merit a post is maintained to be "quality".
On my local board there is also a thread about helping to rank up from Newbie to Legendary, but it's true that it's a slightly different thread than most. I believe the purpose of both helps, but only in different ways. In my opinion, whether this thread is effective or not depends on who wants to help. If there are many merit sources and other users willing to review and help then I'm sure this thread will be useful for those who need rank.