Many areas have a community review board that reviews the actions of the police in the community and has a degree of power to make changes, or to suggest changes, to the police actions. They review complaints against officers, recommend rules and regulations. Basically they are a check against the police.
Perhaps it would be a good idea to form a CB Review Board, comprised of regular posters who are not moderators (or seeking to become moderators *cough* TNT *cough*) to review the moderation and suspensions/warnings handed out by the moderators.
I think it may be a good way to help the little guys on the board not feel so scrutinized or picked on by the mods.
Thoughts?