Read about this site slushpilereader.com in P&W (The Democratic Approach to Slush). On the one hand, I think, eh, why not? I like democracy. On the other hand, it’s not something I would ever choose to do with one of my manuscripts–for many reasons, not the least of which is that I know (from personal experience) about how nutty/competitive people can get in any peer-based voting situation.
Speaking of slush piles… if you’ve ever read for one, you know how wacky and off the mark some of the submissions can be. Check out what they have to say about this at the VQR blog: Bad Submissions: The X Factor