Oh hell, I'm just gonna go for it and give this whole thing a reality check.
Is someone, one of the people who are among the TLK section regulars that would be the ones to benefit from a policy change, actually [censored], themselves?
Or is this stemming from some larger hazy feeling of disconnect by the larger membership from the core purpose of the board?
Just things to think about.
If someone really complained, then think about that it's the internet and you should be in fandom because you enjoy the topic and something in the mix about it is important to you on some level, not be in it for prizes. It's hard wisdom, (and hard won, if you learn anything being a hyena fan it's that you aren't a big [censored] and exactly who all is, LOL,) and it's ridiculously easy to get carried away with it competitively out of all proportion, nearly everyone does at some point so be well & kind to yourself, but that's the ultimate absolute end truth of it.
If it's more of blanket discontent, then by all means, a re-organization and restructuring of the contests might be one way to effect a cure. Like AdAstra said, a different topic board I'm on has a yearly "Academy Awards" show, with a nominations round and a voting round on a whole slew of different categories, and it's a lot of fun and Big Thing/Exciting Yearly Event. But it might not fix the general malaise like everyone's hoping for either, just because messageboards & their usage are shifting in a sea-change. And even there, there are well-known/high profile "regulars" who win pretty predictably.
That said, it would be nice to have one large yearly event which would bring together all the different separate "strands" of activity on MLK.
There is one thing this other board does that I think is very important though--when nominating people to be in the running for the different categories, they REQUIRE that all nomination ballots/quizzes include nominations in EVERY category, so it encourages ALL participants to explore *every* activity area available on the board. No just nominating for say, RPing. No, if you are going to nominate for RPing, you better also fill out suggested nominations for all of the other categories, too, or your nominations are voided. Yearly community event, so go poke around your community enough to at least plug an arbitrary name in from sections you don't visit often!