For this to even be a viable option, it is going to need the backing of some major sponsors (ars,maxcash,AP etc) or it is going to be a small spinoff with no power to do anything in the short run(6< months+). It COULD be something in the long run if it started with a smaller initial membership of webmasters with 2+ years of full time service in the industry if it had some major backers like (the hun since he already volunteered

, and maybe 1 big sponsor or several smaller or middle/small sized sponsors that are known.)
It would be a little of an undertaking to begin with, but with the talents of this pool of initial webmasters it wouldnt be that bad to set up. Membership would have to be free to start with, or maybe on a donation basis for a little while until it got going. The initial cost would not be that great (probably need to be set up as a non profit corp, to be fair to all involved?) Costs for domain and hosting would be minimal, the major costs would be in time, but split the needs between many and it is more than manageable.
I for 1 am with this and offer any services that I can offer to this project.
Feel free to email me or ICQ 20023546. Just make sure to say who you are and what its about for ICQ so I add you
Better get this submitted now before this damn storm hits and I lose electricity.
Balljoints