Publishers Weekly reports that online magazine Slate is trying to reinvent the concept of Internet fiction:
... the online news and culture magazine is hoping to bring the genre to new heights (and new readers) with The Unbinding, a serialized novel by Walter Kirn. On Monday the site launched its first installment of the piece, which will appear in biweekly segments and is hoped to be part of a new fiction section. Dubbed by the publication as a "dark comedy set in the near future," Kirn's novel is intended to make inventive use of its format while ruminating on how the Internet shapes our culture. As such, the unfolding story is being presented as a series of found documents with links to Web sites, e-mails and other digital mediums.
Whole story here.