@planner well, I have a kind of progressive "liberal" or "anarchistic" community where this feature is required. No global or category moderators but only OP has privileges and responsibility for cleaning mess in his own topic and keeping the topic as he wants, because it is his topic 
I can imagine why this is a bad idea for most of the communities but my community hates centralized power and wants that power to be decentralized as much as possible 
Sure there is admin still able to do anything but it would be used only in very rare cases, where not moderation might cause legal issues (anonymizing unauthorized publication of personal information or law enforcment organizations' requests for content removal)