In the good old days, mods were the Mafia police, who made the games funner by keeping the trolls and cheaters under control. However, some of the mods are guilty of cheating and skyping, if the last 2 FM's proved anything.
Honestly, while the moderator system started out as a success, I think that it's now causing more bad then good, especialy as getting rid of the mod system will most likely get rid of the problems with hackers.
This is just a poll, and it is ultimately completely DR's choice.