The problem with the term "The New Fiction" is that the fiction will inevitably be old. The same could have been said about the work of any generation of writers.
Lee KleinThe Internet is perfect for delivering large blocks of text to people throughout the world for free. That's a plus. The downside is the ADD, the Internet-addled Attention Deficit Disorder.
Lee KleinThe Web ultimately is a medium used by real offline people, and as such, it'll probably be whatever we are.
Lee KleinConsidering that "literary fiction" is a sub-genre that's not quite the same as "literature," either, it follows that the short, semi-humorous bits posted online for all to see are something absolutely other, uniquely themselves compared to canonical short stories, for example, and so it'd probably be best to call it something other than "online lit" since I honestly think very little of it can compare to so-called "literature."
Lee Klein