Oh cool. :) If you do read it, I would very much like to know what you think!

This idea appeals to me partly because I actually like re-writing. Sometimes I think I may even prefer it to writing (maybe I've missed my calling to be an editor). So the project appeals on that level. Then again, because editing is always so very tempting, I've had to train myself not to edit things once I've posted them. Either this is a great excuse to indulge myself or a mistake on the order of handing an addict a bottle of whisky. ;)

Then you'd have a copy of the old one archived if you, say, got half-way through rewriting and lost interest or got busy and dropped the project

This is a very excellent point, and as good a reason as any to post the original first, which I think I've pretty much settled on what I'm going to do. Thanks! I would never have thought of the "post both" option if you and Ikon hadn't suggested it.