It's been discussed a few times on the boards, so I figured I might as well take a crack at this and see who's still interested.
I'm planning a game with a generally Silly mood (which is not to say that , probably set in the Light and Weird area (I have trouble seeing heavier stuff really fitting in IOU), with players starting as second-semester freshthings. Sex will not be the focus, but can and will certainly be present.
I'd prefer players who have at least some familiarity with IOU and GURPS, but I can help with character creation if need be (it's okay if you've only played 3rd edition before). Guidelines for creation will be up later once I 1) get enough players to have a game set up, and 2) finish going through the IOU book to see what might need changing for 4e.