I just don't think that refering to the history of moderating, is very productive in discussing how moderating should or could work.
And hey, just because you're mods now doesn't mean to me that you have to be neutral towards every topic and every poster!
For the answer to Laxity's question, at a scale of 1 (bad) to 5 (excellent), I'd say 3.9582
Who made the rules?