Well said, Globalrat!
Waymarking / armchair caching is a cheat's way out, and is a cheap alternative to the wonderful experience that is geocaching! Somehow armchair caches are in direct opposition to what geocaching is all about - getting you out to enjoy our great outdoors and take you to places you've never been before.
Personally I think armchair caches should be on a separate ranking system so that you don't have any negativity related to people cheating their way up the ranking system.
That said, this is just a fun hobby and not a kill-yourself-to-get-to-the-top pasttime! It's meant to be fun and the ranking system is there to ensure that geocaching continues to grow. In other words, those who take this too seriously need to lighten up and take time to enjoy the places geocaching takes you, and not simply fly through geocaches to clock up the numbers!