Can The Internet Write A Book?

Yes, but not a very good one. Here's the opening paragraph from Penguin's wiki book experiment:

The deep waters, black as ink, began to swell and recede into an uncertain distance. A gray ominous mist obscured the horizon. The ocean expanse seemed to darken in disapproval. Crashing tides sounded groans of agonized discontent. The ocean pulsed with a frightening, vital force. Although hard to imagine, life existed beneath. It's infinite underbelly was teeming with life, a monstrous collection of finned, tentacled, toxic, and slimy parts. Below its surface lay the wreckage of countless souls. But we had dared to journey across it. Some had even been brave enough to explore its sable velveteen depths, and have yet to come up for precious air...."