What an amazing Idea. It would worry me personally how out of control the whole thing could become and ultimately how much work it will take to curate rather than edit the resultant piece. The possibilities are of course endless as must be the opportunities for sharing and learning. My own Master's thesis sprang Frankensteinian from bumbling blog posts and the value I gained from even the minimal interaction but more importantly the opportunity to try to crystalise thoughts was significant. So I can completely see the beginnings of great adventure. I wish you well.
Perhaps there might be some gentle direction at the beginning for the new visitors. I'm resisting hard the editorial pencil as that really isn't what this is about but would ask what it is you are looking for; critique, discussion, correction, direction,confirmation and many other words all offer multiple directions that surely cannot all be followed. Yours is the start, what do YOU think?