alg posted this excellent link to a gentleman's blog entry about fanfic and the issues of copyright involved therein. The comments are especially good reading, involving some nice, rational discussion about the matter at large. Check it out!
Here, written by kate_nepveu, is a most excellent treatise on The Only Thing You Need to Know About PublishAmerica. It illustrates in great detail exactly why anyone with a serious eye to professional writing should stay far, far away from these folks.