Cherrill is right, while allowing anyone to join and using the moderation status to vet them works for you we prefer to make sure they are willing to follow our rules and procedures and are going to participate properly for our group. Yahoo has a feature to allow just that type of thing and I was hoping that io Groups did too as it has been very helpful for us.
Sharon's method leads me to channel my inner Groucho:
¡°I wouldn't want to belong to a club that would have me as a member¡±. It might work for you but not for us.