We wouldn't want it too easy, but not too difficult either. For most users, 1 million isn't easy, but for those users where 1 million is easy, they definitely wouldn't be able to rush the one year thing. And I think you should have to keep the name you chose originally for at least one year or you lose the status. I think the whole reason for a verified profile is people recognize the name and if you keep changing it, users will start wondering why "new" users already have a verified profile.
Or maybe there could be tiers of verified users. Tier 1 would be the highest.
Tier 4) Must have 1 million points, been a user for at least 1 year, and have at least 100 followers.
Tier 3) Must have 2.5 million points, been a user for 1 year, and have at least 150 followers.
Tier 2) Must have at least 5 million points, been a user for 2 years, and have at least 200 followers.
Tier 1) Must have 10 million points, been a user for 5 years, and have at least 500 followers.
Tiers 1 and 2 you would have to submit no less than 5 memes a week.
Tiers 3 and 4 you would have to submit no less than 2 memes a week.
Perks for tiers 3 and 4 would be special icons and a spot on the front page of fun that recognizes one of your memes.
Perks for tier 2 would be a special icon and automatic approval.
Perks for tier 1 would be a special icon, automatic approval, and be allowed to have a profile photo.