Honor and the end of season 8

For Honor-Specific rewards; yes, there should be. Riot set the precedent of players Honor Level 3+ gaining bonus end-of-season rewards appropriate to their Honor. What those bonus rewards will be, we don't know, but given the information, we can at least be assured that they'll be a thing.

For Honor Resetting; also yes, but at the beginning of the new Season. Just like last year, Honor Level 0-1 players will not be reset to Honor Level 2 (and will remain whatever Honor Levels they are), while players Honor Level 2+ will be reset to a stage of Honor Level 2 based on their Honor Level (checkpoints notwithstanding). The gist of the reset should look as follows:

• Honor Level 0 > Unaffected
• Honor Level 1 > Unaffected
• Honor Level 2 > Honor Level 2
• Honor Level 3 > Honor Level 2, Checkpoint 1
• Honor Level 4 > Honor Level 2, Checkpoint 2
• Honor Level 5 > Honor Level 2, Checkpoint 3