If you do some thinking: in Prophecies, you finished the pve part with your first character, maybe made another 2 or 3 and did the same thing. Got 15k armor for all your chars (maybe a fow armor for your preffered char) and maybe some rare skinned weapons.
Than you moved on to pvp (if you were intrested) and the hunt for rank X started. Rank wich in faction is equal to a hero title. And for some people the hunt for a hero title is still on. This is what keeps hero's ascent still in center of attention.
Or you could go and do some GvG. After a while most of the people realised that GvG is useless if you can't make into the first 30 or so. Of course it's another type of PvP experience, but noone cares about anyone who's aint in the first 100 (at least).
If not intrested in pvp, you started farming. That's it.
Now here it is. Factions with all the new titles.
Many people are trying to get one or another title. I give it another 2 weeks and most of the people in the hunt for a title will have what they are craving for.
In one month or so noone will care about the titles because many people will have most of them.
Most of the titles are some silly "show-off" titles wich are only good to impress 11 years old kids (and below), like:
Protector Of Tyria/Cantha
Treasure Hunter
Wisdom titles
And the list can go on.
Seriously. Unless you need to do something that needs a certain amount of skill(drunkards ftw), those titles are just there to have you do something. And if you aren't in the first let's 1000 who get it, it really has no sense. Maybe some personal satisfaction.
Can't hardly wait for the drunkard (2) to be achieved by 10-20 people. Than the rush for it will be over since "some guy already has it

I think, there should also be titles like:
"adept observer" - for time spent in observer mode, could be split into 2 separate titles, one for ha and one for gvg observer mode
"adept pvp griefer" - for those who leave pvp at least 1000 times right after the start
"adept whammo", etc
Seriously, if you consider that many of the people playing gw is over 18, you realise how silly most of the titles are.
So after the rush for the titles is over, most of the title hunters will have to go back to the well known Prophecies occupation. Hoarding gold for armor, weapons.
IMO the whole new title stuff is just a lame excuse to keep us occupied for how long? 6 month? Gimme a break.
When I first saw Factions ? I said it was BS. Than i started to like it. Now I`m uterly bored. And it's been only 2 weeks. Where will I be in another 2 weeks?