I can understand what marking a blog as "Spam" does, but what does marking a blog as "Archive" do?
Does it simply prevent future posts from being made?
Or does it "hide" the blog from the public?
[EDIT]
Just found my answer:
http://premium.wpmudev.org/forums/topic/archive-spam-delete
Not much use for marking a blog as "Spam" or "Archive" in my opinion.