I have a rugby forum. We have just hit 450,000 posts and it is now growing at an alarming rate. this month so far we have had 2 million page impressions!
I personally run the forum, I have other moderators and admins, but I do 95% of the moderating, they only do something if they HAVE to due to libel laws.
As was said above 'it depends'. Let me give you some advice though. take a GOOD look at what you want out, and think of everything that can go wrong and PLAN FOR IT. you MUSt decide on the tone you require for the forum and run with it. people MUSt have guidelines to behave within, if they don't then you will need an army of moderators to deal with the spam and shit posts.
Layout of the forum is also crucial, as in categories etc.
So get all of that right and it could be abreeze.
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