It's funny... Moderators are SO hungry for power that they just can't let go. If the moderators for huge subs like IAMA, PICS, etc. dropped the cutesy meming bullshit "protests" and just simply quit doing the job for free, some damage could actually be done to reddit.
But these people are simply too invested in the communities they built and in love with the power they have to let go of the dead corpse they are clinging to.