Received from Shal...
The argument for making the web joiner visible to the group moderators early in the process is so that the mods can help him/her complete his/her subscription if necessary. It is only if the web joiner does not promptly confirms his/her email address that the group mods are likely to see him/her in the NC state.
I can see some sense to that... but I receive sub requests at my home email address and approve them via email. I shouldn't be able to approve a request via email (or via web for that matter) while the email address remains unconfirmed... and the notification I get at my home email address doesn't mention whether it's confirmed or not. I assumed it was confirmed until I found a member I approved via email with the "NC" tag. that seems like a bug to me.
Jim H