I vote yes with conditions:
1. Spelling and grammar must be correct.
As KZ said, not everyone can spell every word perfectly in English; I don't know if that would be good or not.
2. No access to staff board or GM abilities.
GM abilities: No. Mod abilities: Yes; so they can post the stuff in the first place. Access: Why? Though there will be an even lower board for them.
3. Any reporter may be replaced if they are not properly doing their job, or if they abuse the tools.
This I agree with.
4. No power struggles allowed.
... WHY would there be 'power struggles'; when the
admins decide stuff that they'd be 'power struggling' over?
5. Minimum and maximum story lengths should be set.
-_- Even I don't follow a min/max. -_-
6. If a story is copied from a source, the reporter must add either a synopsis, or their opinion as to a. whet this will mean to fans b.why this is relevant to us. They may add all three as well.
Seems fair to me.