Good.
Hopefully this will finally push Facebook and Twitter to do something about their lax moderation. If a (in the grand scheme of things) relatively minor site like NeoGAF.com can do proper moderation, so should giants like Facebook and Twitter.
Some Americans seem confused. But here in Europe, we have really tried to learn from our past. Hate speech should not be allowed to fester. We know where that road leads, and we don't want to go down it in the future. USA doesn't seem to learn as strongly from its own history unfortunately with how some people still wish to prevent certain groups for voting, or make them work for free (in prisons instead of plantations, but conceptually it's still slavery).
Saying that because NeoGAF seems to be moderated well, that something like Facebook or Twitter can adopt the same model doesn't make sense to me. Software scales pretty well, people don't. It would be even easier to moderate NeoGAF if 1/4th the people used it, and they all came from the same city.
Additionally - the challenges that come from moderating NeoGAF are different from the ones that Facebook would face. NeoGAF is very prescriptive about what is and isn't kosher on the site, and when moderators make unilateral decisions on who to ban and for what, there is minimal drama.
Let's say you try to apply the same system to Facebook. Facebook decides to create a moderation team that bans people who say disagreeable things (we'll get back to those in a second). You'd first need a very large team - huge. And they would all have to be very well versed regarding what would and wouldn't be allowed. Images are easy enough - if someone posts a picture of a dead person, most humans can recognize that and remove said post and/or poster from the platform. But what about speech? What if someone talks about death and dismemberment in too much rich detail, and one of the rules is 'no gore'. What if someone else talks about a surgery that went wrong? That's already complicated, and someone being banned for the wrong thing would result in severe backlash here, so checks and balances would need to be placed.
Then we get into region specific cultural differences - Let's say one rule is 'no nudity'. Obviously some cultures would agree with this, others would not. Fine - Facebook now splits their moderation team by region, employing locals from each region - probably having to open up a few more offices here or there. So now posts from certain countries have different moderation rules - seems good enough, right?
But wait hold up - one country, let's just be random and say Ethiopia, approaches facebook and says "hey, we don't like having our citizens see any nudity at all on Facebook - and while we now have a local moderation team, people from Ethiopia can still see and comment on nudity from post coming out of Germany. You need to apply our standards universally or block our users from communicating with these posts/countries". Facebook doesn't want to apply the standard universally, so instead they decide to try and make it so justs the posts that are offensive are invisible to people in different countries - getting past how basically impossible that is, this whole moderation thing starts to get SERIOUSLY unwieldy.
If Facebook decides to adopt the German standard of hate speech and apply it Globally, odds are they are going to run afoul of a whole bunch of other users and groups.