It`s an interesting idea, but from what Pedestrian says, you`d probably have to put the nominations in an opening post, then edit and re-edit the post as new votes and nominations came in.
Alternatively, have you seen how Trollheart`s Prog Wars thread works ? When someone posts a vote, they re-quote the running total of votes with their one added on. It`s a very neat system, but of course it`s only between two albums, so it`s easy to do.
My guess is that your idea might intrigue people, but the amount of contributions you actually get would chiefly depend on the genre you are focusing on.
(The FAIR club, of course, is a shameless copy of tore`s pioneering PFAC; if you have any interest in changing its format, you`d be very welcome, stp !

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