I don't really like the fact that despite having to pay to use the tools you're not getting all the royalties. Like buying carpenter tools and getting 80% royalties off the table you made.
More inline with a blogging service. Thoughts?
It's really easy to publish an infinite amount of books on the Kindle store; I haven't tried iBookstore but I guess it's not very hard either (and do we need to care about them? What's their market share?)
I'm not ready to pay someone to just sit between me and the Kindle store; and I certainly won't surrender any royalties for this.
There are things in your presentation that do sound interesting, though: - early feedback as the book is being written (that could maybe result in good word-of-mouth marketing) - "incredible" sales reports
But in any case, I think the pricing should be more inline with DistroKid ($20 annual flat fee, 100% royalties, infinite amount of titles).