Looks great! I'm hoping that drop down menu indicated more rune book / mastery options for faster selections!

Ok, I think it's pretty safe for me to say this: you guys have officially outdone yourselves.

This looks exactly like World of Warcrafts armory. It could have been more unique.

Would you gain bonus ip for a ranked game?

The only thing I'm worried about is people blanket banning certain champions, especially carries. For example, while I have no problem playing against Jax, I constantly hear cries of OP whenever people see him, so I could easily imagine him being banned from almost every game.

Is there going to be some limitations for the matchmaking on screenshot 7 or I can imagine a lot of people will purposely abuse it and select beginner?

That style upgrade looks amazing. Its' been worth the wait.