Towards a modern Honours system?

Father Des Wilson reckons that an Irish Honours system would be fine, but not if it gets trapped in the archaism of the British model:

There are two movements afoot: one in Britain to get rid of out-of-date honours and invent something honourably new, the other in Ireland where some politicians want to have an honours system of our own. Fine, provided the honours system resulting in either case does not mean people descending from vanity into silliness, with out-of-date medals and knee-britches and empty hands to prove it.

Shades of Ferguson’s commodification of Remembrance?