This is definitely legit, and I think there is great potential in developing an online chess server/interface that is leagues and leagues above what we currently have. Not to mention the potential of having top GM's involved, and harnessing the addictive potential of bullet/blitz :)

I'm involved in early beta-testing for mindgam3's interface, and can vouch for its legitimacy and potential. See my comment to the main post for more explanation.

-GM Daniel Naroditsky