Nah, I disliked that feature immensely. Whilst it worked in some cases (I remember people like Phinneaus Gage glowing like a nuclear reactor), I was put on ignore on my hilariousandco account by a lot of people just because I was outspoken, or for making a lot of posts. I remember a couple of people 'ignoring' me just because they lost an argument which is pretty petty. I don't think I was ever glowing, but I probably would have go there eventually so it can give the wrong impression or make people judge you in a similar way that negative feedback would.
I agree with your viewpoint, although I did quite like the concept of it. It wasn't perfect by all means, but I felt it added something. I still feel its better than the trust system for determining trolls. The trust system can be used to spite someone, whereas the ignore system didn't have any real effect. Plus, the trust system is horribly misused by certain users, and a lot of users are more concerned about ruining someones reputation than giving them the benefit of the doubt sometimes. Obviously, I'm referring to the lesser issues rather than outright scamming here.