Another more wiki-like Idea (Score 1)

This is ineffective. I could easily create multiple accounts if I wanted to burn the George W Bush article at different points later in time. Clearly this policy violates the wiki-philosophy of openness and community. Here's a better idea. Each edit has a timer. During the time between the edit is submitted and it is posted it waits on a link at the bottom of the screen. The edit has two counters: Good/Flamebait. If there are more flamebait counters than good the edit doesn't get posted. Its that easy. Good edits make the cut (on low traffic entries just by default), new users with valid edits get through, and it makes catching non-factual edits before they damage the quality and reputation of wiki super easy. Mix this with banning of accounts that continually post false information (or support it), and you have a more community-controlled system.