Coming from my perspective, even though I haven't been VP or on the board for over a year these kinds of decisions and changes are made with the mindset of positively pushing our organization into more logical forms. You can't always work with the "if it ain't broke" mentality, otherwise progress will never happen. This change, while unexpected, makes sense to me in the way that there has always been a lack of concrete definition of what/who qualifies as "Legend" vs HG. Making a middle rank and *more* clearly defining all three now makes sense, and it is more scalable, even if there is further room for clarification. That isn't to say that there isn't room for improvement, but these kinds of announcement threads are by and large made for two reasons:
a) To notify everyone of what is happening, of course; and
b) To see what kind of feedback happens.
If they didn't want feedback, they would lock the thread and delete further discussions from the outset. Obviously, the team doesn't run that way in general - so then you get responses like yours, mine, everyone else's, etc. Programs like this never, and I mean never stay in Version 1 format. Will they add administrator permissions? Maybe, who knows; might take a few days for them to discuss and bring in the right people. Trust me, I've been in those meetings before; it took weeks and weeks to create the initial structure of the Divisions we have today... and look what happened: they have probably changed 10 times since the original thread two years ago.
I think these kinds of discussions and threads with public opinion are healthy. However, changes are made with a purpose and will always end up being affected by some future event, feedback or criticism and they will change again.
The other thing I will mention is that nowhere in the OP or from a BD directly was it mentioned why powers weren't granted. Everything that is said until it is clarified is pure speculation. No one here that doesn't have a red name can say why it was chosen - be it trust issues, personal decisions, whatever. It is best not to speculate because you'll just end up pissing both yourself and everyone else off with rage over what the potential reasoning is. It will likely come out from the Board (at least partly) on why it was decided in this way, especially due to different responses being posted by various members of the community (mine included), so I would wait for that before making any more judgments or opinions on this.