I think its a great idea and has great potential, and if the right people join up you could get some great genetics in there. I plan on getting some seeds soon just to see how your shipping and seed quality are, but compared to a seedbank the prices are rock bottom but on the other hand there is not a huge seed selection and you have to trust the people who donate to give the correct info on the seeds. The key to this is getting people who join to make seeds of their own to donate so the cycle can continue. I plan on making seeds of all my non feminized seeds from now on because even if I decide not to grow that strain anymore someone else out there will want to grow them out and I see it as good karma. I am in the process of making some Sour 60 and DieselRyder seeds and when they finish up I will donate some of those seeds. I will also hopefully be getting in some Crooked Prairie seeds from a friend which from what I am told is California Big Bud x California Orange Hair and can not be gotten at seed banks and I will make seeds of those and will donate some of those to since they were donated to me. Overall I really like the idea of this site and hope to see more growers donating seeds there.
Edit : I will say don't expect a fancy site, its pretty basic but seeing as it is non-profit its what I expected.