I've heard various ideas such as limiting it only after mods have expended their points (this will require implementing a cooldown to prevent a user from getting points again too soon). I want to hear your feedback, and I'll roll together something for the next major update of the site. Leave your comments
My advice would be to go slow and keep repeating very frequently that all changes are temporary on the path to true moderation enlightenment.
No matter what you change you will end up disappointing or upsetting some group of people. And I also guarantee that no matter what you change, some other group of people will find a way to exploit it. That said, slow, gradual improvements can be a good thing if done with care.
Dumping too much change on users all at once can cause confusion, anger and ultimately revolt (@see /. beta).
This was the plan from the getgo. It got slightly delayed due to drama, but it peeked ontop of my TODO list again, and decided today was a great day for site announcements.
Thanks, you have done a great job so far btw! My intention wasn't to imply otherwise :) Time to get me some more BaconNews.