plans to pursue changes” that would let regular users vote moderators out more easily

I think that's a good thing in the long run.

There is already a perfectly fine mechanism to deal with bad mods, you just go to a different sub. That approach has worked fine for many years.

There's a reason they never added any other mechanism.

Don't forget there are people with tens of thousands of aged accounts that are itching for ways to make money with them.