As someone who has never been interested in judging or taking home a trophy, I feel I can genuinely give an unbiased opinion on the matter. If our current (new) judging system is the stupidest thing some people have ever seen, well then we have plenty of stupid company. Right off the top of my head, I can think of the Cadillac LaSalle Club, the Oldsmobile Club of America, and even the Antique Automobile Club of America as having the same judging system.
I don't think that the argument of someone no longer has any incentive to better their car holds water. I think that argument overlooks what seems to be a basic human desire to always be better. "My car scored a 92. If I do these things I got deducted for, maybe I can get closer to 100". And that feeling of personal betterment doesn't even take into consideration that there is still the Best of Show award above all the class awards.
When we were in Milwaukee for the 2013 International Meet, and the motorcycle hearse was unveiled, I had one of our long term members come up to me and jokingly commented, "I hope he's not going to have that judged. We don't have a class for it". Not having a class for something out of the ordinary showing up is no longer a concern.
Now as a former meet host, one question that I do have about the current judging system that I have yet to receive a satisfactory answer to, is how does a meet host plan for trophy expenses when the number of trophies that will be given out is unknown in advance? Milwaukee was the last meet held under the old judging system. I knew I had to supply 30 class awards (first, second, and third place in 10 different classes). If I were to hold a meet now, I have no idea how many awards I'm going to need, so how can I budget for them?