You can see a list of suggested edits on your stuff on data.se: 

http://data.stackexchange.com/stackoverflow/s/1928/suggested-edits-on-my-stuff in particular there are [2 rejections on TeX][1] you may want to look at. 

This is quite enlightening, as a top user on TeX you dealt with 9 pages of suggested edits, yet only a fraction affected you, and a much smaller fraction were rejected.  (7 approved / 2 rejected on your stuff) 

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As it stands, normal edits do not trigger any kind of notification. The UI for revisions on your stuff is kind of obscure: http://stackoverflow.com/users/17174/sam-saffron?tab=responses&rfilter=revisions

In particular looking at your TeX example, there are many more case where people have messed with your stuff that you are oblivious to: http://data.stackexchange.com/tex/q/114393/edits-on-my-posts?UserId=2975 (62 changes) 

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Even at very high rep, the number of times that people edit your stuff is incredibly rare. Personally I think we should possibly consider adding inbox notifications when people create revisions on your stuff OR an edit is rejected. 

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Due to suggested edits being so rare, odds are you will not even be on the site when this happens. The result is what you are much more interested in. I support the idea of "edit notifications" but do not support adding notification for only a fraction of the time stuff is edited. It seems to arbitrary. 

1. If the result of a suggested edit is that it is approved it is **stronger** and more likely to be correct than a normal edit (a high rep user + normal user looked at it). Why would you want to see the edits that are more likely to be correct? 

2. If it is declined I agree you probably want to hear about it, in case it was too radical and you supported the radical. However the amount of times this happens is incredibly rare. I support this kind of notification, but support the listing in a stronger way. And also support a general edit notification (including declined edits) in a stronger way.  

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I support the controversial "inbox notification for edits" request.

I also support expanding: http://stackoverflow.com/users/17174/sam-saffron?tab=responses&rfilter=revisions to show rejected suggested edits (something I will do now) 

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> and also be able to see and accept or reject the suggestion independent from their own reputation.

This is already the case, you can always approve/reject edits on your stuff. Its just that you are not that likely to be around when it happens. You still see `edit(0)` on your own posts regardless of rep.  


  [1]: http://data.stackexchange.com/tex/q/114388/suggested-edits-on-my-stuff?UserId=2975