I just read Common Sense again yesterday, and have been thinking we need another Paine to bring the masses into the fold.
I too have been pondering version 2.0, the challenge that Thomas overcame so beautifully is to make it speak to the common man. It's a bit hard to comprehend in parts today, mainly due to language differences, but at the time it was truly 'common'
One way to collaborate on this project would be to draft a mission statement that gives a broad theme, then incorporate essays by individuals into a wiki or blog. Blog visitors could then vote on top essays over a period of time, and perhaps, borne from that a pamphlet for distribution could be published.
This is really a monumental task; the world is so much more complex today and where Paine really had one issue, we have hundreds.
I think the most productive approach would be on a philisophical level, discussing what it means to be free Americans. That is, rather than writing about why socialized medicine conscripts doctors, write about how socialism is nothing more than theft.
I think this is a very worthy pursuit and we really need to keep this dialogue going!