This module implements major features of Slashdot moderation and comment system. I made a few attempts previously with various hacks/modules, but this module is very mature and fully compatible with latest VotingAPI. I have not encountered any issues using this module.
What it does:
Transforms comment controls to Slasdot type (thresholding).
Displays each comment slashdot-type.
Hides comments below threshold. Hidden comments can be uncollapsed by a click.
Provides slashdot moderation system (troll, interesting, insightful, funny, etc).
Own comments stand out.
TODO:
- Ajax comment moderation
- Integration with Karma/Userpoints
- Meta-moderation
- Limited modpoints
You can download the module from my website: http://www.mukhsim.com/blog/slashdot-style-comment-moderation-drupal
Please take a look at the module and let me know what you think.
Also, should I be releasing it into Contrib?
Max.

Comments
Not the place to ask for reviews
Please don't post your project for review to the usability group. Especially if it's not even yet released on drupal.org itself. If you release your module on drupal.org, you'll automatically attract users and hopefully reviews as well through your project's issue queue.
Thanks.
I have posted the new module
I have posted the new module at: http://drupal.org/node/571062
Thanks for remarks, yoroy.
What type of posts should go under "contrib-ui" section of groups.drupal.org? That is in case I have a suggestion or module to contribute.
Thank you.