I've remained aloof thus far since my opinions on forum moderation are both well-documented and in direct contravention of the vast majority of the forum, but I did have something to say in response to Cheese and a semi-philosophical tl;dr in general.
Firstly, @cheese, just because it can be worse doesn't make it good. By that logic we shouldn't worry about our respective countries' being taken over by a dictator because he probably isn't NEARLY as bad as Hitler was.
Secondly, it seems to me that a forum moderation team exists in a strange, symbiotic relationship with the forum it governs. If the team is too harsh for the forum, then the moderation changes or the people who find it excessive leave. If the team is too lax for the forum, more fucktards show up and those who find fucktardery offensive leave. This natural balance can be upset, but only for a time, and will eventually return to equilibrium.
While I personally find the moderation here to be unsuited to my tastes, my limited experience here seems to tell me that they are in line with their constituency, as it were. They do the best to enforce the community standards that exist within the Escapist community, standards which are tacitly set and accepted by the primary users. Obviously there are mistakes - some people get banned for things that aren't fair (ahem) and others slip through the cracks - but the keys to good forum moderation, a quiet understanding between users and moderators and a mutual sense of good will and good faith, are present.
Good on you Escapists.