I don't think a web cookbook is a good idea. How does it raise money for MudCat, for example? And it's hard to cook from a computer screen -- you can't scribble notes in the margins :) Besides, I can't commit to an indefinate web project, and web projects never end.
A hard copy project could be emailed (or a CD mailed) to someone overseas though for reprinting and redistrubition; any printing costs saved by doing a larger project would be ate up (and more!) by the higher shipping rates overseas.
If there's already a dessert cookbook or will be out soon, I agree any new cookbook should exclude desserts -- that leaves a LOT of good stuff though!