I agree with you to an extent, but I see it from both sides.

If the forum remains restricted like this, then that ultimately means that constant spammers like Kobe, Rain, Fish etc will no longer be able to make new names on a daily basis to insult people. Given the fact that the more loyal forum users are annoyed at this, the moderators have at least did something to try prevent spamming wars.

On the other hand, I feel that with these new regulations in place, some perfectly reasonable posts made by users won't be accepted, perhaps because their view on things may differ from that of which a moderator may see it, and posts may also be waiting for hours before being published, by which time the topic could well be deemed useless. Also, of course, the restiction of posts from respected forum users is surely going a few steps backwards, as TheMadChatter correctly pointed out.