Yes, deletion is simple and fast, which are huge pros, but there are cons. Which is why I wondered if a prefab ticketing system would help.
http://bbs.boingboing.net/t/what-about-a-ticketing-system/44166
You want a little distance but not too much. I also think making moderators anonymous can be weird, like the policeman who wears a mask.
Anyway, what is most important is a meta area for the community to discuss things like this amongst themselves and the owners.