Despite this rather interesting reaction that we keep having from people, the story is quite fun to read, and I urge you all to do so -- and check out Tolkienonline as you do so.
Unfortuantely, the Book of TORC is, in fact, a work in progress (WIP.) We are currently all working very hard on it, and hope to eventually finish. I, for one, am quite certain we will. I'm one of the main writers (you may know me as Nienna) and fully plan to work on it. It is now about thirty pages in length, and grows quite often.
You should know, however, that the first part is once edited, and the newest ones not at all (though I will often do a quick once-over before putting it up, there won't be much there in the way of editing. Yet.) so I encourage you to wait a little after a new addition, so we can edit it.
The story is growing, and we do not currently have it divided into chapters, though there are quite a few breaks, which you can recognize by the === sign they make.
Well, I'm about done blabbing on, so I'll only say that I hope all of you who dare to read it enjoy the story as much as I do writing. Ciao.