Yeah, I don't have that button either. I'm in the same situation as you.

What are moderators supposed to see? I was added as a moderator on m/stinkbadgers and I can't see any panel with tools. The only thing that's different since I was made a moderator is that I have a "moderate" option in the "more" menu on any thread or comment

My ideal system would have two things to vote on.. whether you like/agree with a comment and whether you think it contributes to the discussion. So you could upvote an entertaining quippy comment but also vote that it doesn't really contribute anything meaningful, and you could downvote something you disagree with while still indicating it adds to the discussion.

I doubt people would use it correctly, but I think its a nice idea in theory.

I love Morrowind so much that I refuse to admit to its ugliness. I will choose to believe that the less-than-perfect graphics simply enhance the alien look and feel.