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RE: Despite the bitching, I think the reputation system is working OK...
The big issue with reputation is that if a person ends up with negative reputation unfairly the only way it appears to get them back to positive is to get people to vote for them. This is basically just giving them free SBD and steem power. They should fix the issues not count on people giving votes to threads that may not deserve them as a workaround. These people are making money from a broken system while content creators are getting nothing and stuck with no steem power.
That part may need some tuning, indeed. But I don't always "buy" the unfair reputation argument. Some times it may happen, but it should be a relatively limited phenomenon.