If it is anything like campfire, I must say that I like the idea, personally. I do think it would be a great tool for Moderators to communicate better. I also think that a rep-based entry might prevent a lot of activity that would be unwanted. If users were required to have 3k rep to participate, there may be a lot less complaints about spammers, trolls, etc.
this is something that is captured in the "rooms" functionality of campfire already, and we'd certainly have that. Private rooms, passworded rooms, 10k+ rep rooms, moderator rooms... – Jeff Atwood♦
Sold! Sign me up.