I notice a lot of people are marking their MSO questions/suggestions as community wiki, which I think is a good thing. Since this site will be mostly discussion, opinion and feature suggestions, does rep make sense?
As far as the moderator powers that come with increased rep, couldn't those instead come after a certain level of contribution and time as an active member? As your time as an active member and number of questions and answers increases, so do your powers as a moderator?