Twitter Novels? A Novel Idea or a Novelty?

So I just read a snippet from the middle of a twitter novel, and I am still getting my head wrapped around the concept. I read about 50 posts, and I feel like I jumped into a movie part way through. All weekend this twitter novel storyline has been popping up in my mind, but I can't decide if it's the storyline that is strong or is it my intrigue and curiosity on the medium selected? Could a twitter novelist make it on Oprah? Or could our web design firm build a novel about our company?