I'm interested in what you used for live-editing, and whether you think the OP's product would solve any pain for you.
As far as the OP's product goes, I think it mainly helps you in the design & layout phase along with the WYSIWYG editor. It's a CS club, so WYSIWYG is not going to be popular, and we already did the design & layout. So I don't think so, but I do see OP's product as an endorsement of the idea.