The lovely and spirited
cofax7 has a
thorough list of the various problems associated with this site (and
goodnightlady has a good
list, too), but in summary:
* It is intended to make money for someone else from the stuff you do for free;
* The TOS gives you no protection from lawsuits, and no say in what's done to your fic (they can edit it however they like, or even sell it!);
* The Folk In Charge consist of investors, media lawyers, and other such notables, all of whom are male and have no connection to fandom; and
* The whole thing reeks of exploitation.
stewardess suggests that everyone go there and register their pen name/s, just to keep them from being used by others, which strikes me as a good idea. Other than that, everyone? Please let's avoid the whole stinking pile, because it just
reeks of abuse waiting to happen.