OK, I'll bite and give you my two eurocents:
I would absolutely love to have a POTF live album, fan made or otherwise (I'd like a DVD even more, but that is another topic

) so generally, I am all for it. If it turns out that the Poets are OK with this and it turns from thought to project, I'd be happy to help.
That being said, I have two major concerns:
quality and
"the money thing". I’ll come to these in a minute, but I think I might have to explain a few things first.
As a collector, listener and viewer I have had some experience with concert bootlegs. When I say “bootleg” I refer to concert recordings that are obtained without the artist’s permission and distributed in one way or the other. There are professional bootleggers who do this to make money as well as fans who do this for themselves and other fans and give away their recordings for free.
For the record: I have no clue whatsoever about recording and no intention to do it. I merely enjoy listening to such recordings. Everything I’ll say below is based on what I learned in this area over the years.
Quality:Quality depends on the quality of the recording, the re-mastering and the encoding. A lousy recording will remain lousy, but for average recordings a lot can be done in mixing. Then, the quality can be kept by choosing a lossless format of encoding (e.g. flac) or quality gets reduced by encoding it in a lossy format such as mp3.
With video I see the problem, that usually the audio is not exactly great, especially when the recording is done with a digital photo camera and not a video camera. I know that for most of the DVD bootlegs I have seen the original audio (from the video camera) was replaced by a better sounding audio recording (that was done with an audio recorder). Thus, I doubt you’ll be able to find enough videos where the sound quality is good enough. But I may be wrong.
Of course by encoding them to mp3, the quality will get a bit worse.
I am not a “quality nazi”, i.e. I don’t care if something is encoded in mp3 as long as it sounds good to my ears, but I do think there should be certain minimal standards (whatever they may be), in order not to create a bad reputation for the Poet’s live sound.
Of course there are video recordings that have been show on TV and there are audio recordings from radio gigs, but to use these would lead to legal problem I assume. So I’d say this project should be limited to fan recordings as stated by you.
“The money thing”I know that you have no intention of selling this, but by my experience if a collection like this exists, there will be someone who will burn it to CD and sell it on ebay. I have seen it happen time and again that fan made CDs and DVDs that were intended to be freely distributed have been sold on ebay and there was not much to be done about it.
Of course, an mp3 CD may not sell so well, but the format can always be converted and people won’t know the quality of what they buy until they hold it in their hands. Also, some fans will buy anything.
Thus, while the intentions are good, I think we should all be aware of the fact that this is going to happen eventually. I am not saying it should not be done, that is not for me to decide, but I might be the one saying “told you so” in the end.
So there, I certainly do not want to be a killjoy, but I felt these things needed to be considered.
I’d still gladly help with this if it’s OK with the Poets and kudos to you, Alphawolf, for wanting to do this for us fans.
*takes cover until the wind has blown over*