About a week ago, Jeff Jarvis of Buzz Machine declared the book long past its expiration date as a useful media form. In doing so, he summed up many of the intriguing possibilities of networked books:

The problems with books are many: They are frozen in time without the means of being updated and corrected. They have no link to related knowledge, debates, and sources. They create, at best, a one-way relationship with a reader. They try to teach readers but don’t teach authors. They tend to be too damned long because they have to be long enough to be books.

I’m going to tell him to have a look at GAM3R 7H30RY.
Since the site launched, discussion here at the Institute keeps gravitating back to the shifting role of the author. Integrating the text with the discussion as we’ve done, we’ve orchestrated a new relationship between author and reader, merging their activities within a single organ (like the systole-diastole action of a heart). Both activities are altered. The text, previously undisturbed except by the author’s hand, is suddenly clamorous with other voices. McKenzie finds himself thrust into the role of moderator, collaborating with the reader on the development of the book. The reader, in turn, is no longer a solitary explorer but a potential partner in a dialogue, with the author or with fellow readers.
Roger Sperberg elaborated upon this in a wonderful post about GAM3R 7H30RY on Teleread:

A serious text, published in a format designed to elicit comments by readers — this is new territory, since every subsequent reader has access to the initial text and to comments, improvements, criticisms, tangents and so on contributed by the body of readers-who-came-before, all incorporated into the, um, corpus.
This is definitely not the same as “I wrote it, they published it, individuals read and reviewed it, readers purchased it and shared their comments (some of them) with others in readers’ circles.” Even a few days after publication, there are plenty of contributions and perhaps those of Ray Cha, Dave Parry and Ben Vershbow are inseparable now from the initial comments of author McKenzie Wark, since I read them not after the fact but co-terminously (word? not “simultaneously” but “at the same time”). My own perception of the author’s ideas is shaped by the collaborating readers’ ideas even before it has solidified. What the author has to say has broadened almost immediately into what the book has to say.

Right around the same time, Sol Gaitan arrived independently at basically the same conclusion:

This brings me to pay attention to both, contents and process, which I find fascinating. If I choose to take part, my reading ceases to be a solitary act. This reminds me of the old custom of reading aloud in groups, when books were still a luxury. That kind of reading allowed for pauses, reflection and exchange. The difference now is that the exchange affects the book, but it’s not the author who chooses with whom he shares his manuscript, the manuscript does.

McKenzie (the author) then replied:

Not only is reading not here a solitary act, but nor is it conducted in isolation from the writer. It’s still an asymmetrical process. Someone asked me in email why it wasn’t a wiki. The answer to which is that this author isn’t that ready to play that dead.

Eventually, if selections from the comments are integrated in a subsequent version — either directly in the text or in some sort of appending critical section — Ken could find himself performing the role of editor, or curator. A curator of discussion…
Or perhaps that will be our job, the Institute. The shifting role of the editor/publisher.