Faction points?

[The Cid]

Surely its about time a use was found for faction points???

My Idea is that we can use them to give very slight buffs to our characters, for example 10,000 faction points could be spent to add 1 powerstrike, shielding ect..  Or 1,000 points could buy 10 points on a weapon proficiency? 

I know some will say it will create over power players but it does take a very long time to build up faction points and it should have some reward?

Thoughts?