What I meant by Division "colors" was basically whatever color fabric they used for each division, so this year would have been ARC red CUR white GAL green NEW blue, and 03 A-red, C-black G-white N-blue (I think thats correct) Basically it could allow you to differentiate between the division awards, so the ribbon would show what division the team had won in.
OK, I now do realize that the area is small, but couldn't it be possible to fit something like IL 2004? I guess the only purpose of this would be to allow a team to keep track of its history in the ribbons, so if there was a ribbon display people could come up and say "so this team was at this and that event last year and they accomplished this that etc.."
Also, by the importance order for awards, I think there are general ranking groups, instead of a 1 to whatever list. And by time-saving coincidence, the "value-ranking" of awards is pretty much determined by trophy size:
Tier 1: CMP chairman's
Tier 2: CMP winner, CMP eng. insp., Reg chairman's
Tier 3: CMP finalist, Div/Reg winner
Tier 4: Reg eng. insp.
Tier 5: Reg/Div finalist
Tier 6: everything else*
*Although I do also agree that the Delphi/GM/Entrep awards to me are larger than the others
This is how FIRST has somewhat grouped awards, but I'm not completely sure what an award's value would have to do with the ribbons. (bigger award, shinier ribbon?

)
Just my two cents (so counting last time I have donated 4 cents so far to this idea)
_Alex