HaperCollins has created a site called Authonomy.com for writers to display their novels. It's open to writers and published authors. Post whole or part of your book and let the readers read it and vote on it. It's fellow writers who read the books and vote. The top picks are then looked at by the editorial staff of HC for possible selection.
Last night it hit me in the head like a thrown brick! HC has done something absolutely brilliant! They've found a tool to do an end-run around literary agents! Let the readers decide what is a good book and run with it. Direct dealings with the writer! Reduce the cost of up front monies! Find potential mega hits by using writers to act as the slush-pile readers!
I love it. It's really frick'en brilliant. And hell yes, I've got stuff in there.