It's kind of a neat idea, but I think the energy would be better directed into getting the most useful posts and the most common, non-FAQ questions into
Categorized Questions and Answers. That's a big job, and no one's really doing it now.
Copyright wouldn't be an issue there (unless someone objects to posting material as a writeup and having an editor copy the content to a different part of the site). Let's concentrate on making the site more useful before working on making the site fit a different medium.
(Anyone who wants to go through SOPW and point out stuff worthy of being in Q&A has my blessing.)
