No, it's really not. I think I read they were thinking name tags and canon tags. I think even canon tags would be too much. A couple years down the road (assuming there are a couple of years down the road and I hope there will be!) they would end up having to delete the canon tags out to make room for more names or end up deleting old characters and making them unsearchable which would be sad.
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:( I still think it was a sexy idea though.