This sort of idea is really interesting to me, and the thought of it happening in Austin is quite tantalizing (I wouldn't have to move!).
I find it pretty hard to function in typical management structures, though I work better with teams/some sort of external visibility (my personal projects tend to gather dust too easily, though I'm working on improving this). The concept of an incubator-like environment for collaborating on ideas without the extreme focus on growth would be a perfect fit for people like me.