I'm not really sure how much demand there will be for this, but I am working out an XML file format specification for CYOA-style interactive novels, and plan on developing a number of tools for authoring and reading them (probably focusing on mobile apps and Kindle support for reading, initially).
I've been an IF-lurker for quite some time, and have great respect for the community that has been built around the hobby. As such, I am interested in any feedback or suggestions anyone here might have. I've roughed up a brief page describing the file format and its goals/limitations here:
http://inml.rudism.com/.
I know that there's been some controversy around whether or not CYOA even counts as IF in the past. My primary reason for considering this as a free-time project is that, while I do enjoy classic parser-based IF, I yearn for IF that's a little less cerebral that can be comfortably read on an eReader or mobile phone without having to deal with typing on tiny thumb or on-screen keyboards. I feel that CYOA-style stories with simple hyperlinking would lend themselves very nicely to that purpose, and have been unable to find any existing system or tools geared specifically towards publishing those in a way that would provide maximum portability between platforms.
I did stumble across
http://ifml.sourceforge.net/ during my googlings, which seems similar to what I would like to achieve, only on a grander scale (defining parser-based IF in XML). It also appears to be abandoned, which I feel is a shame.
Anyway, like I said, this idea is still just forming in my mind and I'm looking for feedback from the IF community (even if it's that I'm crazy and this is a waste of time).