A colleague sent me this article: http://www.thebookseller.com/news/aaa-will-not-expel-agents-turned-publishers.html, which I think dovetails nicely with what we talked about Thursday and Friday of last week.
Note particularly the president of AAA's last statement:
"There are certain activities that our code of conduct explicitly prohibits and the practice of agencies offering their authors a way to market their books directly to the reader is not one of them..."
Well, certainlyt. In fact, we'd encourage the marketing of these books directly to readers. Now, how about the question at hand: publishing the book...?
A disappointing side-step of the issue, if you ask me.