I got five moderator points a couple of days ago, for the first time in four and a half months. I used three of them the first day, couldn't find anything that I felt like moderating yesterday, and the remaining two disappeared before I could use them today.
The thrice-daily request for meta-moderation used to say that users who meta-moderated were more likely to receive mod points. That bit was dropped awhile back, and even though I was meta-moderating three times a day I went for a long, long time without getting new points.
There seems to be just as many moderated posts as ever, so I assume that they are using new criteria to determine who gets points. It may be based on how often a person posts in threads, considering that I rarely post anymore and also rarely receive mod points. I didn't spend a lot of time online during the holidays, and only meta-moderated once a day at the most, and I haven't gone back to moderating thrice daily since then.
It's getting harder and harder for me to wade through all of the idiotic crap that people post in Slashdot threads. Most of the posts that I read these days, outside of a very few threads of specific interest to me, are the posts that I meta-moderate.