Twitter will add ‘official’ badge to high-profile accounts
techcrunch.com
techcrunch.com
Although most likely they'll probably just keep the existing set of verified users around because it's easier than starting over. Just like they've kept the existing moderation system in the meantime.
It should be a very limited mark of credibility, not a luxury gateway to "I'm an influencer" status for randoms. I'm sure it started that way originally, with good intentions, just like the moderation system. But this is why developing a strong culture of resisting impulses is important.