I'm not sure, but I think there'd already be a thread for this.
But I really enjoyed the ranking system and it was a great thing to do. Is it still around? If its gone that's a shame.
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They'll bring back the title system once the beta is done. No worries. (It's been confirmed as well)
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[url=https://www.bungie.net/en-US/View/community/blog/News?aid=10130]It will be coming back,[/url] though they probably won't use the same system as before.