The people involved create the content on Wikipedia. If it's a big deal for them, it's a big deal for Wikipedia as a whole.

(to put it in web 2.0 speak: properly incentivizing users to submit quality user-generated content is essential to any crowdsourced website, and few incentives work as well as the recognition of your peers).

"5 people". You've never read an FA debate.

Where can I find them?

Type in "WP:FAC" into the search. Believe me, it's more rigorous than pretty much anything I've eve seen. About 6 years ago I wrote the article on exploding whales, and this hit the main page. Now it's not even featured any more!

You wrote that? My hat's off to you, sir. Did you know they have an entire category http://en.wikipedia.org/wiki/Category:Exploding_animals now? :)

People went a little exploding animal crazy, if I recall correctly :-)

I did a lot of things on Wikipedia. Perhaps my most lasting creations will have been [citation needed] and the admin's noticeboard. Though I have, perhaps, a somewhat dubious legacy, it was a fairly amazing experience - rather marred by the manner in which I had to leave the project.