So, here we are, earning Faction Rep everyday and every minute we can but besides armor and the occasional missions (and grimoire backstory) there's not much more we can do in-game to show our support for a faction.
Not only would I love to know which faction is winning the "rep war" I would also love to see a winner announced every week (by how much they won in rep in that given week) using means like changing the tower flags that you can see when you enter the tower or the carpets......a huge banner on the stairs below the quest giver or on the building above.....something.
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Personally, as a loyal Dead Orbit supporter since beta, yet one who can't get any of their gear at the moment, I would think the best thing would be to install a bit more of a meta game over the factions. For example, you could add an area with a large map of the solar system that shows all the Crucible maps, as well as the color of the faction whose champions are dominating the arena. [spoiler]By champions, I mean those Guardians who have obtained faction specific gear or class items[/spoiler]