Check out Stickk.com - "the smartest way to set and achieve your goals."

If you're interested, I'd love to start a small group and create a system that rewards us for passing and punishes us for failing.

Goal: Pass MFE/3F
Stakes: $50 (or something we can all agree upon)
Referee: I assume we can police ourselves via the honor system

If I understand Stickk correctly, the money pooled from those who fail can be distributed to those who pass. This could be a pretty cool incentive to make sure we put forth our best selves.

What do you think? Suggestions? Critiques?