I totally get the reason for the ‘entry level’ that can’t do anything.
I want to run a velvet rope community for like-minded creatives (I mod such a forum on a large, commercial forum but they’re having serious, probably existential difficulties) and I want to be able to review new applicants. This seems perfect for what I want. The new user registers, I get the notice, I check him out, I upgrade him to an active role.
I did have some difficulties finding the Forum User Role edit field (in the user profile edit UI) at first but everything seems fine, now.
Things seem to be falling into place nicely, now. (Particularly since I tumbled to the GD bbPress tools. The quote plugins I’d tried previously were getting hosed in the WYSIWYG editor. )