Forum:Article review and rating

It seems to be common practice for wiki communities to rate articles, basically sizing them up on some scale between Needs A Lot More Work and Feature. I think we should implement a similar policy here. I think it would work something like this. I think this will also give focus to article improvement efforts, allowing people to make suggestions for improvement or move on to pages that are in greater need of work.
 * Once a contributor feels that their page is up to a certain standard, they submit it for review (by placing it in a category or applying a template to it).
 * Then, another person or persons review the article, checking it for things like adherence to standards and overall quality.
 * The article is given a rating by the reviewer(s).
 * Articles that reach Feature quality can then be considered in the Featured Article voting.
 * If an article is changed / improved, it can be resubmitted for review and thus increase its rating.

I hope you will all comment on the following:
 * First, how would you feel about a peer review system like this?
 * Second, as these are just the broad strokes of an idea, do you have any suggestions about how best to implement it?
 * -- Xerxes 00:23, 1 April 2007 (UTC)