For those of you that don’t know, Amazon has a new program out called Kindle Scout. It’s yet another way to maybe get published through Amazon (beyond self-pub or one of their imprints).
Could be useful if Amazon uses their weight to promote your book (as is currently being alleged about books in Select or from their imprints). But, you’re also locking yourself in with them like you would be a traditional publisher. Maybe. If they choose to keep you.
The advance of $1,500 is at least more than some of the smaller publishers offer and if you do get selected you’re also likely to end up with more sales than with some of the smaller publishers, too. (I’ve heard numbers as low as 3-5 copies from some of them…)
Victoria Strauss of Writer Beware took a look at the contract and has a post here discussing her analysis. If you think of going this route, be sure to read the post.