On a different subject, I was thinking about starting a "let's play" game of FM2012.
The basic gist would be that we select one team (probably starting off in a lower league) and one player manages the selected team for either half a season or a full season and then saves all of their changes and commits the save game to a shared location (or emails it to the next person who will be managing) and then each person writes up their achievements, transfers and a turn over for the next manager. So we'd try and collectively see how we can do changing ownership and tactics every year/6 months.