As of right now, this is done: the "vote down" privilege is awarded at 100 reputation here on Meta Stack Exchangethe "vote down" privilege is awarded at 100 reputation here on Meta Stack Exchange.
This should allow folks with the association bonus - or those who earn 100 reputation by participation here - to downvote questions as much as they wish (particularly important for feature discussions). It does limit downvotes on answers, since those reduce the voter's reputation by 1 point for each downvote - if you want to continue downvoting, you'll need to actually earn some reputation.
It also means you can't just show up and troll the place non-stop and keep downvoting, since if your posts get downvoted you'll lose the ability to downvote others (unless you also participate constructively in other areas).