Wiki is a MOO. A wiki page is a MOO room. WikiWords are doors. Some changes to a wiki page are like conversations within a room, others are like writings on the wall or part of the room's description.
Is it helpful to divide a wiki page into two sections (i.e. moderated top half and unmoderated bottom half)? What about using passage of time to distinguish conversations from yesterday and today. Will a calendar on a side like blogs help? At least sense of time seem more intuitive than versions.