Harper Collins has a good idea to beat the slush pile. Instead of submitting your manuscript to overworked assistants you can upload it on Authonomy.com, the community will read it and vote on it. And then if you rank as one of the top five writer's for that month you'll make it to the editor's desk. They are seeking to "flush out the brightest, freshest new writing talent around.
I think it is a great idea, but it still freaks me out. I'm not ready to put all, or even half of my story out there for free eyeballs. But if I don't find luck the traditional way you can bet that I will be uploading my beast onto their server in no time flat. Good luck to all the writer's who are brave enough to share their stories!