Yes, but proportionally, this isn't the case. There are over 750 new users in the last month. I'd guess that only 15 or so monks level 6 and above have actually gone up a level in that time.
I completely agree with jcwren. I'm tired of seeing nodes that have been reaped all over the place. Most of them for no good reason.
Now we have the Editors - they are doing a fantastic job - repairing badly formatted posts. I don't think we need the nodereaper.