'Your Warning Level'

Just noticed this in my User Control Panel.
Mods - what does this mean? Is it used?
FWIW, I'm a Level 1. Given the number of warnings I've received and number of posts I've had deleted, if it is used, I gather a 1 is BAD.

Mods - what does this mean? Is it used?
FWIW, I'm a Level 1. Given the number of warnings I've received and number of posts I've had deleted, if it is used, I gather a 1 is BAD.
