I think that the whole TOTM arrangement is fine as it is. As far as I'm aware, participation is voluntary, and if you don't like the current TOTM, then don't learn it. Being mostly an acolyte of English music in all of its forms, along with music from Brittany, the past TOTM list contains a few tunes that I don't take to, a lot that I adore, and one (Ashokan) that I detest beyond all reasoning.
I'm not a great fan of "home movies", so I don't have the sort of equipment needed to make videos; nor do I plan to get any. I could record on my trusty Zoom H2, and put it on a sound-only website, but somehow that seems like cheating! I'd also be depriving the forum, and the world of Youtube, of my special "concentrating" expression, which doesn't seem fair either. These excuses don't actually absolve me from a small guilty feeling for not participating.
One way or the other, TOTM enables me to see and hear some really cracking players, which I would go to many lengths to do likewise in the flesh. This sharpens up my aspirations, and also gives me the get-outs from some of the ruts that many years of box-playing make plentiful. The efforts of the newer players leave me green with envy, and wishing I could go back years and emulate them. I do however make a definite point of NOT coveting some of the beautiful boxes on show.
Don't change it or make it complicated i.e. it ain't broke, so don't fix it.