Unless the talent agrees to do this for next to nothing (including on screen and video and editing talent), and the expenses are kept in check (fly on coach, under $100 hotel rooms shared, meals at the local buffet) this enterprise won't be around long enough to attract a significant following. Hang around long enough, and the budget will grow.
There is a case for this, and it does involve Mike Spinelli. 0-60 magazine was one of the most beautiful publications around. Articles were artfully shot, and the quality of both the writing, and the production of he book was nothing les than amazing. And it's gone due to how expensive it was to produce, and the lack of an audience willing to purchase said book.
This looks like an extension of the Next New Network channel of web programming, which was purchased by YouTube this past March. Who knows, with all the might of YouTube parent Google, it might just last.