Wikipedia’s Imminent Demise?

From Ruminate

Sounding the death knell for social software applications (and classes of application) is a sport for some prognosticators and bread and butter for the naysayers. Most of the time they are equally wrong. Nothing ventured, nothing gained, right? But this major upcoming change to the Wikipedia editing system has me tempted to join in.

Technorati reveals no links to the page on Flagged Revisions, but given that Wikipedia’s success (not to mention any number of purported failings) is generally attributed to its open editing system, implementing multiple layers of bureaucratic approvals sounds like a very big deal indeed.