HarperCollins sponsors the site and suggests new writers submit there. The ten top rated submissions every month are read by their editors, and submissions are rated by readers of the website. It's billed as a "social network for writers and book-lovers."
So if you're tired of queries and the slush pile, you might want to check it out. It looks like an interesting way for publishers to go through the massive number of submissions they receive. Wave of the future? We shall see.
