I have removed the poll which was previously here in order to start a new poll, this one based a bit more on reality. (Of course you can see it all in the history and here.)
The previous poll claimed, for example, that "This year, Jimbo has announced that he will appoint candidates directly." This is either false or misleading. I have always appointed people to the ArbCom directly, for one thing. And this formulation suggests (particularly as it was misleadingly contrasted with "a public election") that I intend to do so without any community approval or vote, which is simply false.
So we had a straw poll here with zero relevance to the actual question at hand. For the record, the final votes in the flawed poll were 51-17 and then a host of other sorts of votes for things like "prefer something else", "unsure", "polls are evil" and so on.
Most of the voters seemed to have been misled into thinking that the choice was between direct appointment by me without any community input versus democratic elections. That's really misleading. I apologize if I had anything to do with the misunderstanding.
I would like to emphasize very strongly that none of these deliberations has anything to do with me trusting or not trusting the community. I trust the community with my life. The issue is that voting mechanisms are inherently flawed in some ways. A lot of people are fond, as I am, of quoting Winston Churchill's famous line about democracy being the worst form of government except for all the others. He said this, of course, in defense of Great Britain -- a democracy, but also a monarchy and aristocracy. Like the British system, the Wikipedia system is a mixed system and should remain so for at least the present time.
I have tried, below, to outline the most prominent options, and to write as fair as I can about the strengths and weaknesses as I see them. I encourage those who are filling out this poll to also add their own brief views on the strengths and weaknesses, so that in another round of polling a week or so from now we can try to work on the details of whatever emerges.