the new honor system seems more like a gimmick
The new honor system is more of a gimmick than an actual way to have a better teamwork system. Basically, "do good and get this flashy thing for a whole game" is really weak and pointless. From what I gather from the closed FAQ (which I find funny that it is closed unlike a lot of their work. Which leads me to wonder if the new honor system was actually wanted or not) is that the more you earn the more you can have your new flashy symbol but only for a game. So, what does that mean, it means that you're bad silly going to be seeing a lot more people pandering for honors before, during, and after matches.
This was the same issue you had with the old honor system in which people would just say "want me to win lane then honor me. If you don't agree than I'll feed.." and yes I experienced that as well as many others. In fact, it was because of that issue the Riot made it extremely difficult to get ribbons. Which leads me to my next point.
I worked hard for my honors and I find it bullshit to just have it taken away with no remorse for those that have been honorable or have worked hard to ensure victories for their teams. Riot, why is it that every time you do something, you end up slapping so many people across the face. I suppose, this won't get as much traction though, since Riot gave up on their old honor system so a lot of players rarely get ribbons anymore.
Whatever Riot, I cannot even say I'm mad, at this point I expect it of you. More like...dissappointed if anything.