Welcome to Woodworking! I'm not a moderator or anything (yet...), but I just wanted to welcome everyone with
the first one of the first Meta posts, and also point out a few housekeeping lessons I've learned from being a long-time engaged user of a number of Stack Exchange sites.
This is my first private beta, but from the types of questions I've seen already, this has the potential to be a really cool site. Obviously, with a dearth of previous questions, askers have limited existing tags from which to choose, and will likely end up making new ones to fit their particular situation. However, even in the first hour, we're already getting partial duplicates (finish and finishing), misspellings (chisel and chissel), and possible redundancies (wood-turning should possibly be just turning?). We should have a discussion about tag formatting, singular vs. plural forms, and all that, perhaps toward the end of the private beta so we can be ready for public access.
One of the most important activities you can do on any SE site (along with asking high-quality questions and giving high-quality answers) is editing. Remember that all contributions here are licensed CC-BY-SA, and we are all free to clean things up. Yes, there have been long debates on Meta.SE and some of the site-specific metas like Meta.SO on how far edits should go, how much community members can do that might change the original author's intent, etc. However, it is perfectly acceptable, and even encouraged, to fix spelling and grammar errors, add/remove tags, improve formatting, and generally clean up questions and answers. If in doubt, ask the OP (Original Poster) or bring it up here.
Finally, internal discussion is key to keeping a site alive and relevant. Our definition on Area51 was certainly a good start, but we want to keep asking ourselves what the true aim of the site is, its target audience, and whether we need to broaden/narrow its scope after a while. Keep up the Meta discussions, use chat (once it's set up, not sure if it's ready yet), keep commenting on questions and answers, offer constructive critiques, and help your fellow woodworkers out!