I don't quite know what to call this, but I was just speaking with Tanhamman, and he said I should suggest it to you (He gave it what seemed to be mutual approval). So, here it is, as best as I can describe it.
Class 4: Articles that need a LOT of work. Pages that a stubs, need cleanup, etc. (K-OLD)
Class 3: Articles that need some work, but are alright. (Other Snails)
Class 2: Articles that are pretty good, over 2000 bytes, infoboxes, but not as much information as there could be. (Milkshake Academy Cadets)
Tanhamman says it's a pretty good idea, and I hope you do too. Of course, it will be pretty hard to classify them all, but harder things have been done on the wiki. An Admin discussion session could probably get at least 300 articles within a week.
This idea has been used by Wikipedia and other popular wikis on Wikia.