Agreed.
I've played multiple games, numerous honors each match, daily.
Got one capsule @ honor 3.. weeks ago.
No capsules in honor 4 yet after having for one week.
Even key frag drops are hilariously infrequent.
Given the new honor system is meant to reward you for not being a toxic prick, I'm seeing close to zero incentive in behaving and playing honorably (i.e. "Behave well and get goodies!").
Rather than positive reinforcement for good behavior, the playerbase is largely still seeing negative reinforcement (i.e. "be a prick, lose account").
Of course, honor is inherent to the game. Teams with non-toxic players tend to do much better than those with full Tyler1 comps.