I'm in favor of restoring the titles, for the reasons very eloquently spelled out in other posts here. When I first joined here, they gave me a sense of whom to listen to and who was as "green" as me. I always read the titles and paid special attention to most of the "seasoned" members.
When I achieved a "rank up", it gave me a little something to look forward to. I even remember trying to think up a special post for my 1,000th and being sort of proud of my "Elderhood."
If it's not too much trouble, I'd appreciate the restoration of the titles.