Wiki Wiki Bang Bang

Penguin UK, in collaboration with De Montfort University, is planning a 'wikinovel': "Based on the principles of Wikipedia, the free online encyclopedia, the novel, called A Million Penguins, is open to anyone to join in, write and edit. None of the words, characters or plot twists will be attributed to any individual and - and this is the element of the project most likely to bruise delicate egos - participants are free to edit, chop and change other writers' work."

Sounds a lot like Exquisite Corpse, doesn't it?

Update: Amit's post points one to the wikinovel in action as well as the blog on the exercise.