I love it, but I'm a bit worried about how it will fare, how stake will be distributed, etc.
They barely started, and some projects already have 86 people registered to work on them... how would that work? If this works out; you'd see projects with 8000 people 'working' on it; I wonder if that would make it worth your while (besides being fun).
It isn't discussed, but I think there should be some management where you can steer the project/members a bit.