The CA/B mailing list can't do much about shady behaviour they don't know anything about.
I do trust in Mozilla to ensure that the game rules for CAs are strict enough that my trust in the green lock isn't 0. It's not 100% either but it's above 50%. When I connect to a website and it has SSL, I'm fairly certain it's the right place.
Most likely there will never be a replacement for it, any PKI requires some third party to vouch for an endpoint otherwise you get easy MitM (I believe there is a proof floating around somewhere from the area of Signal Theory).
