The new badges look nicer, while the overall Level of Awesomeness was more useful. I'm leaning a little more toward the Level of Awesomeness, but it would have been nice if the badges were added on to the old system, rather than to replace it.
I actually really like the badges, the awesome ranking wasnt really great, it doesnt really show other people your acomplishments in dsipaint, so I prefer the badges^_^
Friendship is like peeing on yourself: everyone can see it, but only you get the warm feeling that it brings.