Yeah. I have only received a few hits ever since. Generally speaking (personally I don't think I have made that many great posts worth repping after the overhaul) from my point of view I'm inclined to think it's because the hits don't matter so much anymore (as reaching the reward will take a long time indeed), and so there isn't as much initiative to rep. This would of course indicate as well that many people were truly aiming for the custom title as a reason to rep at all, or mostly.
However, that's probably a highly biased opinion. Maybe in truth it's just a coincidence, and partially due to the fact the forums seem to have been somewhat quiet of late.