I think an FAQ would still be a good idea. I also noticed that there's nothing in the how-to section.
I know that some of the member here have done write-ups (how to's) on differents mods and what not. I have a 2" BL write up and the backwayrd machanic, I know Gabe posted another one there as well not too long ago regarding steering stops. Why don't we gather all the write ups and put them into the How-TO section and still create the FAQ. I think that both will help fellow mebers quite a bit.
I think tuff may have a point. Having the FAQ will slightly reduce the clutter on the forums. There will be no need to point someone who did not search over and over again, as they will probably ask numerous times. At least clicking on the FAQ will be easier for lazy folks that searching.