Google launched a new service titled Google Moderator which seems to be aimed to compete the super popular Yahoo! Answers

Collect questions in one place
Everyone has a chance to propose a question to the group.

Vote for the questions you care about
The blue featured question gives everyone’s submission the chance to be voted on.

Use at any event or gathering
Google Moderator works in any group setting, from lectures to town hall meetings.

Google Moderator Screenshot

Google ModeratorTo get started, log in to the service and set your signature (nickname and location)

Adding a signature in Moderator

Create a new series

Create Series button

Set the title, description and owner of series. Specify whether anonymous submission of questions is to be allowed

Creating a new series

You are now ready to get your series going by creating new questions (character limit of a question is 250).

Suggesting a question Your new question will appear after a short delay of about 2 seconds like so:

Your new question

Once the series is created and question(s) added, you might want to right click on ‘Presentation view’ and copy the URL. That’s the direct link to questions of your series so other interested members can participate by voting on them. The URL shown in this example for the Firefox series is this.

Now others can sign in to their Google account and vote on the question and add replies.

Do you use Firefox? If so, please sign into Google Moderator and answer/vote on this question (click on the image to visit):

Firefox add-on question

Conclusion: Google Moderator seems to be a mix of Yahoo! Answers, polls, Digg and forums. If Google provides the option to place ads in the question series, it would be a nice incentive for publishers to adopt to and start using it enthusiastically.

One cause of concern is the potential abuse of the system by few marketers looking to drive traffic to their products pages. Does Google Moderator have moderators to take care of this??

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