Great idea, huh?
Well, I can see a few arguments against it, but I'd like to counter-argue them 'live' rather than rant, so let let me know what you think.
Edit - It' has begun.

IMPORTANT:
If you wish to contribute:
- Set the scanner to full-color, photo-quality.
- Size should be at least 300dpi
- Do NOT use any scanning-wizard, hi-contrast or other enhancement presets (except maybe a de-screening function if necessary..)
- The size when scanning should be at least 300dpi
- NO cut edges
- Save as maximum quality jpg's or uncompressed images (.tif, .bmp etc...) and upload or mail them to to me.
The request-list:
BLACK TASK - s/t MLP (red version!)
HELL - Save Us.. 7" (the very elusive Folder-edition!)
SHOCKSPLIT - Under Wraps MLP
Vengeance "Way Past Go/Driving Force" 7"
V/A - The Lost Tapes Of Cogumelo LP
BLASPHEME (FR) - s/t
MARQUIS DE SADE (UK) - Somewhere Up In The Mountains 7''
DRUID (US) - Four Curses EP
RUDE PINK (US) - Someone Tonight 7''
ANTIX – Baptism Of Fire MLP
VULCANO - Live! LP
MESSIAH - Extreme Cold Weather LP
INTRUDER - Live To Die LP
CLIENTELLE - Destination Unknown LP
SAVAGE GRACE - Master Of Disguise LP (Important Rec. inner sleeve)
Explorer - Exploding