Is it possible to put an "edit post" feature into the board so people can correct or delete a stupid post in an effort to keep themselves from appearing stupid?
I could really use it.
Yes it is possible and I have considered it. I was going to bring it up to DanO. I would work like this. You would have 30 minutes from the time of the initial post to either delete or change that original post. After that time it would be considered permanent

Here's another suggestion; I know we're all looking for good new music. Is it possible to have a "featured artist" or a "song recommendation" link on the board for people to hear the suggestions from others? New suggestions will be available weekly. Old suggestions would be archived for a month and then deleted if storage is an issue.
This might be a good section for the Underground section I keep mentioning. It would be a little bit more time to actually code it and the wife might shoot me :)

Is this possible or am I completely 'round the bend?
Possible very possible.