most of people who have been here 5+ years (such as myself), would agree that a separate forum would be a fail as we've seen it done so often in the past.
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I think while it would be nice to have some sort of 'reward' to sort of show our 'dedication' or w/e, at the same time, it's not like we've really done anything to be rewarded, all we've just signed up five years ago and have been active ever since.
Maybe like on your accounts 'birthday' just have a month of a specific coloured VIP. Say give it to accounts who are three years or older, and have different colours for however many years the user has been on here.
a good reward would be letting them go invisible :D:D:D I'll stay another 10 years after the 28th dec if you do that
or give them a special userbar or something like that but let them be able to turn it on or off (dunno if you can do that but whatever)