Should we change how we approve developer account requests?

[Nate Graham]

While writing an email in support of a recent request for developer 
access that I encouraged someone to apply for, it struck me as odd that 
the sponsor can approve. I would expect the sponsor to approve or else 
they would not have sponsored the application in the first place! 
Instead, wouldn't it make more sense to require other non-sponsors to 
approve too? This would create a meaningful review process and prevent 
one person from approving all their friends willy-nilly.

Nate