We soon will be starting member of the year 2012 competition and as of now we have Most Entertaining Member of 2012 Most Valuable Member of 2012 Most Active Member of 2012 What other competition do you prefer to add and do share the members who can fit into that category.
I would suggest adding some more category based awards. Like C Champ (for most active user in the C forum), PHP Champ (for PHP) and some others.
I support @lionaneesh on this suggestion. I only use a part of the site because I do not have involvement in or knowledge of the subject of many of the categories, and therefore don't interact with the people who do.