I think I agree with axeman here. When I'm gone out of the service, I'd like it if somebody took a moment to think about what me and all the other thousands of Canadians who have passed through (or passed on...) the military since 1974 did for their country, be it ever so small compared to the deeds of the vets of WWI, WWII and Korea. On that basis, I support the YOTV pin 100%. I am wearing mine proudly: yesterday I attended the YOTV/VE Day ceremonies at the Legislature and Union Station here in Winnipeg, and I was reminded why the pin is important.
Was the issue of the pin mismanaged? Yes, IMHO it was. For some reason we are becoming unable to distribute mass awards without turning the effort into an embarassing shambles that irritates half the service: the Jubilee ribbon was a perfect example. But, that aside, administrative incompetence does not IMHO cheapen the meaning of the pin.
The only thing I fear (and perhaps it is a pointless fear about the sky falling/world ending/millenium approaching, etc...) is that we may now find ourselves "expected" to tote all manner of pins, ribbons, badges, etc for every "PC" flavour-of-the day campaign under the sun, just as we now half mast our flags every other day.
Cheers.