This will be primarily written as from our moderator staff to network's higher powers, but I will be happy to see opinions and input from users on things outlined.
At almost year since public release and well over that if counting beta period - we are no longer very new site.
We are averaging over ten thousands visits and over forty questions asked every day.
I am happy to see many developers mention us as highly useful resource, that helps them get better at working with WordPress. This is kind of value that WordPress community needs and what contributes to make it better.
By now it seems that issues we are having since site's early days are not getting solved with growth and age, but only scale (for worse) with it.
We have the worst answered questions rate in Stack Exchange network overall. The backlog of unanswered questions went from inconvenient to unmanageable.
We have one of the worst expert inflow rates among released stacks.
We have not that many active high rep users and I feel mood is slipping among them into getting disinterested in participating and highly annoyed by question quality issues.
I feel that network's self-regulation mechanisms and concepts are failing us.
We are in death spiral of not having users capable (as well as willing) of keeping site clean and we are not attracting (but losing) such because of site turning into more of a dump by day.
This puts community moderators under pressure way worse than their supposed function of light control and correction of self-regulating community.
I used to come here to answer questions and now I come here to take out the trash in flag queue. Seeing flag count light up makes me feel ill. And it never stays out for long.
As moderator staff we talked over situation internally.
Me (Rarst) and MikeSchinkel would like to formally request some time off our moderator position. I will snap and ragequit if I don't get away from it for some time. Mike hasn't been able to dedicate considerable time to moderation for a while.
We would like network to increase our moderator staff (both while we are off and in general) in a way they see fit (new pro tem mods, election or whatever other approach).
We would like review and possible adjustment of reputation requirements and mechanics to make community moderation viable for our content and user volumes.
We would like more attention (even if temporary) to outstanding issues and our meta. WPSE does not have strong integration in SE network as part of its culture and it feels (subjectively) that we got forgotten and left to run ourselves.