I would totally jump on this project if he paid me for it. You never know where they might need someone who's studied Visual Basic for half a semester. I'd be able to spend years of my life working on a project doomed to failure, ultimately ending with a shaky release, near immediate failure, my employer losing his livelihood, and me coming out with a desire never to work on another game project again (But ultimately doing so because I have no experience in any other field). It'd be just like the real game industry!
You aren't nearly as skeptical as you should be if you think this will have even a shaky release. It won't be released. Ever.
You guys are the worst, ridiculing the ambition of a great man. I personally hope he follows his dream and ignore haters like yourselves.
It's obvious from the text the guy has not only no clue about the game development industry, but no clue about the development process. As someone in a game development major, it's something I would expect a terribly bad incoming freshman to propose. The whole text is, quite frankly, bullshit. So far as I know, he has no team of developers, no experience with code, no experience with MMO development, and no understanding of how to create good game mechanics. It manages to be both completely overscoped while being too vague as to actual game mechanics to mean anything. He won the lottery; that doesn't make him an expert in game development any more than it makes him an expert in quantum mechanics.
Dead. Baby. Monkey.