I can play, and I don't mind you as the opponent (with random colours) as I hope to learn something in the process. I guess the subforum as a whole should also voice their opinions and suggestions, as it's for their entertainment too.
I don't think either of us will be slowing the game down, and I'm totally OK with the good old forum format.
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That said, I have an idea: for the purpose of 'increased interactivity' and letting the audience know our immediate thought processes when making moves, the game can be held on FICS(/ICC) with a longer time control than classical (e.g. G/300 + 300 sec increment, so that players have time to type live comments in) in several short (1-2-hour) live sessions with adjournment (+ sealed moves told to observers, but not the opponent, at the end of each session).
The 'whisper' command allows players to post comments in the observer chat away from opponent's eyes and also allows observers to chat away from both players' eyes. I guess, observers can also copy the chat log and paste it onto the forum, so that those who were offline don't miss the course of events. For convenience, the text chat can be held on Skype instead of FICS.
I'm not sure if this setup is worth the effort, though.