I like it but then again I have around a thousand karma so it wouldn't impact me very hard. On the other hand, I don't think it does a lot of work to actually fix the Monkeymind situation that EY and company seem to be so distressed by.
I'm not at all convinced the Monkeymind situation is nearly as serious a problem as EY and company seem to think.
The recent implementation of a -5 karma penalty for replying to comments that are at -3 or below has clearly met with some disagreement and controversy. See http://lesswrong.com/r/discussion/lw/eb9/meta_karma_for_last_30_days/7aon . However, at the same time, it seems that Eliezer's observation that trolling and related problems have over time gotten worse here may be correct. It may be that this an inevitable consequence of growth, but it may be that it can be handled or reduced with some solution or set of solutions. I'm starting this discussion thread for people to propose possible solutions. To minimize anchoring bias and related problems, I'm not going to include my ideas in this header but in a comment below. People should think about the problem before reading proposed solutions (again to minimize anchoring issues).