Looks like Oracle updated the Forums software over the weekend. So far, this round has gone much better in the past.
I do have one major gripe with the new point system. Everyone is a Newbie now, which kinda sucks for those who have posted hundreds or thousands of times. Sure, quantity does not infer quality, but we all know that there are a core group of regulars on this Forum who are anything but Newbies.
My main concern is how your status is actually elevated. You only get points if someone marks their post as "answered". Looking at this weekend's posts, many of them are answered in the thread, but not actually "set" to answered. Thus, the person who answered the post correctly is no closer to a Guru than they were before. I imagine that this will come in time, as people get used to the new software and policies, or at least I hope that it does.
This feature does have some promise, as there are definitely some benefits - looking at the list of posts, you can immediately see which ones are already answered, thus saving time if you're either looking for an answer or looking for questions which to answer. I think that the objectiveness of it may end up helping overall, as someone who posts a lot of "chatter" would ultimately not advance in the standings, whereas someone who posts less frequent but more correct posts would. I guess only time will tell.