I still believe the consensus here: http://meta.serverfault.com/q/2351/7861 

I see the same 2-3 moderators all day long on SF.  Granted that's my timezone and perspective, but it's the only perspective I can speak from.  The link above that Pauska asked shows that it really hasn't changed over the years.

2 moderators were appointed back in 2009 and are rarely active on SF at least from what I can see.  I'm sure they are great people...that's not the point here.

There's also this procedure to remove an existing moderator: http://meta.stackexchange.com/questions/151606/handling-calls-to-remove-a-moderator/157258#157258

**SO...do you as a nominee feel that moderators should have term limits or be required to be re-elected?  Do you feel there should be a way to formally ask a moderator to "step down" for inactivity based on a vote of the users or is this something that should only be handled by other moderators and/or SE staff?**