I have to disagree. I think if you go from start to finish (1k) or close to it with pretty much the same core group of people that make up the majority of your guild. And you actually put in the work to get to 1k you should be proud of the hat and all the work you put in.
However if you jump in a guild with 300 or less hours to go till 1k or you just constantly afk and don't put the work in then no you are not really very deserving of the hat and shouldn't be proud of it.
So I guess for me at least its not about 1k guilds are a joke. I think there are still good players and good guilds out there that put in the work that have to fight and scrape for hours that should be proud of getting to that milestone and all the work they out forth to get there. Now that obviously excludes a lot of the recycle guilds that just keep the same members under a new name and use the same tactics (a lot of times not legal) to hold usually the same tours for long periods of time. That get a new 1k hat every couple of months. That is definately not something to be proud of.