I would disagree with a self-selection process for mod nominations, but the majority of my points on this have already been said in this thread so I'll leave off the hurrumphing for the moment ;)
I do like the changes to the applyformod change, it was getting to be a rather outdated joke and as Faz said the original reason for its existence has pretty much ceased to be an issue (I don't recall seeing anyone asking for OP on this P rev). I'd like to suggest an alternate wording for the page though, as follows:
Can I become a mod right now?
No, but don't give up...
Moderators on these servers are selected by existing staff, not by applications.
We believe our moderation team should be formed from people who have shown themselves to be helpful, knowledgable, and mature through their actions in the community. With this in mind, the current moderators will suggest players who they believe show these traits. Play as you would normally, enjoy yourself, and you will be noticed.
If, however, you believe you or someone else would make a good moderator and have as yet been overlooked, you can put a name into the form below. The current staff is not all-seeing and input from the community is valuable to us.
It's not perfect - a little on the wordy side perhaps. However, the main themes I'm trying to put into it are a qualifying of the initial 'no', an explanation of our focus on player actions as a measure of character, and the addition of potentially suggesting people other than oneself. I also kept mention of knowledge as a broad term rather than purely of the rules because I feel it's not that important to know the minutiae of this, potential moderators should rather have a broader understanding of how and why people should behave in a community.