I just think it's so cool to see who has been given the hook and why. The vast majority of forum sites treat it like a secret society where the undesirables are simply eliminated and the official registrar denies their existence.
Here, it's like there's a Ring of Dishonor you can visit whenever you ask yourself "what happened to old so-and-so? He was such an a-hole." Here, there's a place where you can look up the answer, kinda like Wikipedia.
As an old girlfriend use to say, "Neat!"
Rather than being "censors", I tend to think the mods are like the refs we watch on Sundays, except they miss fewer calls.
Great idea, T-ned. Wish this idea would spread to other sites.