I only have one admin. I would have more, but it's the only person that I have known for a while and trust.
There's nothing wrong with having 10 admins, just as long as you trust them. I also agree with your original post .. some of the hacks that put limits on admins are just stupid. The way I look at it is if you need such a hack, then that person shouldn't be an admin.
Either your a full admin or not.
Either your a full mod or not.
That's how i see it.. none of this 40% admin crap