Unmoderation? If anything its overmoderated.
All depends. If the mods are against a certain viewpoint, they will be 10x harsher than if they were for. If you have a certain viewpoint that is against that of a mod, you are pretty much on thin ice. If you make too quick of a step, you get slapped with a tag, banned, or both.
On the Too Human thread, even though the game looks to be shit, a lot of people said a lot of stupid things and got away with it. Of course, I did not get away with it, as I made a joke about Dyack, insinuating that he spends more time daily at Golden Corral than people will have playing Too Human.
In those threads, they were undermoderated. Since the mods were called out personally by Dyack, even more bullshit was allowed in that would not be if it was a Kojima or a Miyamoto game.