I hate comment moderation only because when subjected to it on some blogs, I have found that I am censored (Daily KOS is a prime example of a blog that routinely publishes largely comments that agree with them, allowing only a few lame, weak or crazy comments in opposition, the latter no doubt the "showcase" token conservative answers).
However, like Gila, I have been forced to do this because of a troll. Not a normal troll but a total wack job. Bear with me, please. I will publish all comments of all persuasions but not ramblings totally unrelated to anything mentioned in my blog or linked blogs or any blogs at all.....the troll comments that necessitate this are sort of the Blogosphere version of "tagging" and I find it both annoying and vaguely ominous.
The silver lining is that since I have to moderate comments, I can get rid of that stupid word verification thing since any spam has to get by me first.