I've been more familar with the "assign each person as a character" and then each writer for that character takes turn in writing a chapter as so and so. I like it that way cause it gives more time for people who don't have time to always contribute every night.
here's one example I've managed (and need to get going again)
http://horseturtle.tripod.com/alpha.html
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"Leo, you know I hate tea."
<font size=-1>[ This Message was edited by: HorseTechie on 2002-03-08 19:27 ]</font>