Mods are already broken down (sub divided) by their prefix, and you can display just a particular prefix if you want, and while the prefix list may need looking at, and tweaking slightly (the list is quite old and missing some areas relevant to 3.5/3.6) I don't see what else is needed.
As for a watch list, such a feature may come at some point, but it's not a high priority as you can already do this by creating a subscription folder called "Watch" (or whatever you prefer) and simply subscribing to the threads (with no notification).
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