I think the moderators do a great job here. Between them and the "regular" members this is the best forum-site I've used. I don't think moderators have to be experts. Based on their posts I think some of them are, and some of them aren't. And there are quite a few experts among regular members, too. Some of you who shy away from being called experts might be surprised to find out how easy it is (say, in a courtroom) to get that label.
But enough. There's no need for this to be a complete moderators fluff-athon.