Anybody got any thoughts on Smashwords? It's basically self-publishing moved online, BUT...they have quite a few traditionally-published authors selling their books (in eBook form, of course) for very cheap. Smashwords takes a modest cut (15%), and the author gets the rest. Oh, and by the way, the author sets his own price.
I'd be interested to hear if anyone has had any experience with them, or if they have any opinion at all on the concept. It seems like a new idea, and one that could have legs.
What do you think?