Hmm, I think this could be a good service. I'm not sure about posting all the scripts online for everyone to see. Say group x want to sub anime y, which is not being subbed by anyone, if the scripts were posted ANYONE could come along and sub anime y. Making scripts public for popular shows might work though.
Also, you need to get a strong editor, or give the groups options to contact yours trans. In every script I've worked on I've needed to contact the trans, at least over a few minor issues. No translator is perfect, especailly when going from quickly spoke Japanese in anime, which means it can get very hard for us editor when transfering that into a lanuage just as complicated, writen modern English :P
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