Why create a new Wikipedia if there's already one mate? 
It's our philosophy that, all edits are not created equal, mate.
Lunyr will create a free and competitive market for true, accurate and valuable information.
Our goal is to decentralize the power, and thereby vastly diversify and expand the number of "editors."
see also:
http://pyropus.ca/personal/writings/wikipedia.html
Ah, a decentralized Wikipedia, it's about time! Great article, I'll be keeping an eye on Lunyr.