Yeah, seems fair. Can't camp at your Elo, have to maintain it. Elo will only degrade if it's over 1400.
They said they did this so if you go on a break from LoL, your Elo degrades to compensate for your being rusty. Also so that those at the top have to always compete to stay at the top.
edit: LoL's so international! Classmate was sitting behind me when he saw the LoL shortcut on my desktop. He plays LoL too so we exchanged summoner names and are going to play this afternoon.
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