I know that some newspapers have Reading Clubs where their readers read the same book at the same time but I'm not sure if it's been done yet (until now) online. The advantage of having an ONLINE Reading Club is that you can post commentaries in real time and there is much more free flowing book discussions. Another advantage is that we can get folks somehow involved in the book to comment. Right now I am trying to get Tom Wolfe and some of the Merry Pranksters from Ken Kesey's bus to post here for the next book discussion.
Yes, I've read all the posts on this thread.
You're breaking new ground, eh? My hat's off to you. Good luck!