Gonna opt out this year, I like the idea but I'm already letting gaming eat a little further into the budget and the time than I'd like.
With that said, I would strongly suggest limiting this to accounts created before Nov '08. Just to limit your exposure to people who would forfeit their account/status here for a $5 game and to prevent joe random for signing up and posting 100 times to get a $5 game.
Anyways, good luck with this, it's a great idea and hopefully it can become a staple here at VGC.