An American Review of Books?

Over at TNR online (which is now an "Open Discussion" among several members of Open University) friend and mentor of dcat, and regular contributor to Open U., Jeffrey Herf has called for the establishment of an "American Review of Books." Herf, as always, presents a sharp and persuasive case. Perhaps my favorite form of writing can be the well written review essay. If it is feasible to create a new review of books in the United States I would be all for it.