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http://mongoliad.com/faq
The future of the novel? From the FAQ:
The Mongoliad is a serial novel, the kind of thing that Charles Dickens wrote. It's also an experiment in fiction and technology... Fast Company said that we may be "the future of the novel." The Mongoliad is set in the thirteenth century of a universe very much like ours, a world we call "Foreworld." We publish chapters every so often (about weekly), and every chapter has associated discussions and other ways for readers to interact with each other and with us. Sometimes we'll also have graphics to share as well, or movies, or music. There is a user-editable 'Pedia with information about Foreworld-related topics, general-purpose user forums, and soon we hope to have easy ways for people to contribute their own stories, art, and music to our shared Foreworld experience.
Neil Stephenson, Greg Baer, with a Open Design style patronage-contribution model.
Looks awesome.
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Read the TOS... if you post anything you lose all rights and they can sue you for a variety of reasons. I looks temping but it is not worth it to be opened up to weird legal actions if they feel like it.
I'm sure some lawyer who doesn't know the internet and the fan base wrote that up.
I'll wait for the book to come out.