My point is that "Unicorn" is a reporting tool. It still takes peers (instead of just your manager, aka the "old way) to understand and accurately value your contribution.

My concern is that not all actions are equal, but the recognition seems to be.

My question is do I get more "points" for fixing the thread dispatcher in the kernel...or do I get just as many for helping you understand how to upload a file to Sharepoint?

That's where you can disenfranchise people. However, I like the idea and to me it is a good step in implementing 360 feedback as part of a review and bonus allocation.

IMHO, combine peer feedback as an equal component of bonus allocation along with management assessment and I think then you have a winner.