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that's quite cool. The problem I see with it is that unless a government pays for it, it's going to be commercially controlled and there's no benefit to them providing a free space like a park. That kind of pseudo public space in the city is actually really damaging.
edit: I posted this article here before about the slow takeover of public spaces in London, specifically regarding a new Thames island proposed for the Olympics: http://www.guardian.co.uk/artanddesign/2011/nov/13/london-ri...