Yacht co-ownership

What do you all think about this innovative approach. I have no personal affiliation with this particular company, but it's an intriguing concept which I'm sure has been around for a while.
http://www.fractionalyacht.com...x.htm
Also, on the bottom right corner of this website there is a table showing "salary guidelines" for crew which may be of interest to some.
http://www.luxyachts.com

Modified by outmywindow at 8:58 PM 9/26/2005