I don't agree with the list of the banned, because I've seen at least as many people banned for rising to the bait of those who should have been banned as I have people who deserved to be banned.
I don't agree with rep, because there is no quality control and if a bunch of trolls wanted to come in here and start screwing around with the rep system (posrepping each other and negrepping innocent posters), then the mods would have more to worry about.
Rep only "works" on sites like Circvs Maximvs because it doesn't mean anything and doesn't have any rules. I can get posrepped or negrepped as much due to whim as due to the quality of my posts. Yes, in the long run, a person with high rep is probably well received, but I've seen more than one person "in the red" who was still a quality poster, they just didn't have popular opinions.
EDIT: Since my first paragraph could be seen as being anti-mod (especially considering a certain conversation elsewhere), I'll clarify. It is also incumbant on us, as members of ENW, to report (not respond to) anyone who we feel is doing something wrong.