Also, It should take time, if you become a moderator within 4 days of trying, Good on you, Users should learn to have patience, and what a better way then it takes a long period of time? This will also help the Administrators/Bureaucrats get to know the user a little better before they jump to the conclusion of them becoming a moderator.
I personally feel like The guidelines would need to be changed, and guides would have to implement, as Facediary is adding all these new and improved systems, Overall, I think it would be a great idea.