Well one huge issue I am seeing is many of the original players that are tired of being stalled are not growing, tired of waiting and starting to drift off, quit. And yes ~ eventually ~ we may see some getting there. But as you said, that is a LOT of purple medals to start up, and at the cost and rate of obtaining them, not the majority will be there any time soon.
But rock on. It all depends on perspective here, but I can say I don't see a lot clamoring now to bother to keep going. For those who invested before the benefit of the packages, it's frustrating to see everyone catch up and pass them, only to sit and wait. 'Bout as exciting as watching grass grow.
P.S. Oh, and btw, you get 0 for 8ths. Prizes go only to quarters and up.

