shop.stackexchange.com and was really excited when I saw that I might be able to purchase shirts and things like that with my reputation! But to no avail.
Has this been talked about? I'd love to make purchases with my rep.
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Placing monetary value on reputation is going to be a big mistake. Where is the profit in it for SE?
Reputation is an arbitrary number which is based on how other people rate your contributions to a site, it does not, in any way, represent any monetary value, or any other value for that matter outside of SE.
Seriously, why not just support SE for providing you excellent Q&A site by actually purchasing something from the store?