I think it would be good idea if there was an extra 3rd number counter shown to staff or admin e.t.c. One's who has permission to authorise New Registrations when "moderate new members" is turned on. With the counter shown next to the other two I've highlighted in this image. It just makes life so much more easy when you can be using the forum front-end without having to venture into the admin back-end, and from there spot if anyone is awaiting new member moderation right away. It also helps makes things more user friendly as a whole from a staff point of view. As far as I'm aware, that moderation queue count below shows posts that need moderating, not new members?