Like I said in the first post, they would be twofold: First, one would get an 'award' for getting the most points in a certain category (activity, social group memberships / posts, staff actions, but also thread necrophilia and donations), or a combination of categories (for example most active in both forums and social groups, or whichever arbitrary combination you can think of). This would display that user on some screen and display an image in his profile or postbit, instantly awarding him for something he did (or making him look like an idiot, for that matter).
Second, points (also in any category) can be spent on forum items, initially just a set of imagery to be put in one's profile (think plushies) but, if possible, also certain bits of advanced functionality, such as colored user titles and what-have-you.
Basically, it's supposed to be a system that, ideally, awards the most active and contributive people. There would be the odd person that spams a lot to get more points, but that wouldn't be a big problem I think, considering that posting is just part of your total point count, and getting a warning will cost you points - currently a hundred per warning point, so one spammy post would cost the poster 100 points instead of awarding him with 2.
Anyways, @ topic, I can see that, if this were to be implemented, we'd require a more advanced method of awarding points - a method of awarding different amounts of points in different sections. I could submit that as a feature request in the thread on vB.org, but I dunno if that would actually be executed or how long that would take. The alternative would be to work on it myself, but that would involve me spending a lot of time trying to comprehend the systems / programming - which I doubt is documented properly, let alone formatted / programmed neatly, which means it'll take twice or thrice as long to figure it out then it would if those criteria were met.
[offtopic rant]Fuck, would-be PHP coders all suck ass.[/offtopic rant]