I'm ... sort of in-between the two, but, I'd be interested in either, depending upon the set-up.

I do not want something that pigeon-holes writers to any particular form. Your set-up is different from shadesong's or ysabetwordsmith's. However, I like the idea of something that allows for conventional methods of finding something "quality" (editors, reviews), while allowing anyone to give it a go in their own way. I suppose in some ways that would be almost like a public slush pile -- you could always find the "top" of the pile & feature that, but, we're not telling newbies to go home.