Ah, but I'm talking a MOD-generated thread (or ask Chrissay to mod it.)
Don't let people post to it, and have someone responsible for checking the buglist periodically. If there are good threads elsewhere about specific bugs, they can be linked from the post.
The idea is 2 fold: One place for people coming to the forums to see major, known bugs before they post, once again; One place for the devs to have something to check, rather than scanning every "bug" related post.
If Chrissay was really nice, she or Sak could give perhaps the top 10 or 15 bugs they know of that are not exploits that are being looked into.