"According to the press release, 'Miller will publish approximately 25 popular-priced books per year in multiple physical and digital formats including those as yet unspecified, with the aim to combine the best practices of trade publishing while taking full advantage of the internet for sales, marketing and distribution. Authors will be compensated through a profit sharing model as opposed to a traditional royalty, and books will be promoted utilizing on-line publicity, adverting, and marketing.' Translation, probably: Whatever it is Bob will be publishing will be printed on demand, or you will be able to read it on your Kindle type device, or, eventually, by using implanted technology in your eyeballs that will allow you to turn pages by blinking."
I imagine this turn of events will make agents nervous, as it may render them irrelevant or at least unprofitable. It probably won't affect the Big Authors, though, who will still get a 50% cut of the profits for their best sellers, and of course the little authors will get nothing...or less than nothing, as the case may be. I wonder if this will make publishers in general more likely to publish untested authors? Oh, why, be optimistic now. In truth it will probably have no impact on my inability to get published.