I frequently visit the "review" tab of stackoverflow, but if I approve a review, how does anyone else know? I don't know if when at higher rep I will be able to approve a suggested reviewed answer/question, but have heard nothing of it. There should be a way to say that a edit is fine so people don't keep editing it. I think there should be an "Approve" button next to the "Make Edits" button. This will make life easier and less frustrating than when I have to scroll through lots of pages to find an inadequate question/answer.
What is meta?
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As long as there is room for improvement, people should be able to edit (or suggest edits for) a question. If edits are seriously too minor, those reviewing suggested edits can of course reject them as such.
This does not stop anyone with enough rep from editing minor details as they see fit, but I don't particularly see this as a problem that would need a solution.
Review is a tool to monitor new posts so "mistakes" can be easy corrected.
As far as I know, it is not a tool to approve or disapprove posts. The community uses the vote button for that part.