@ned - Wouldn't this new 5-vote system just incentivize users to only vote on their own posts? If you post four times per day, why wouldn't you use four of your five full-power votes on yourself, and maybe save one for your own comment?
I know there's a long tail, but surely that won't get shorter with less voting, right? New users who have no following or influence will still get very few, if any rewards. But now they won't even be voting for each other. Unless I'm missing something, I don't really see how the tail problem is fixed by this. Is there a more detailed explanation of this proposal?