It does seem like a "weighted" voting system defeats the purpose of having a voting system at all. What's the point of asking everyone to give their opinions if the only opinions that will matter are those that conform to the opinions of the editors!?
Of course, in truth I might be quite happy with this system. I've liked what the editors have let through so far (though last few days less so) and I would probably rather read what they suggest than what the "group" suggests.