Yay! have just signed up as I am going to pull the plug on a couple of no hopers!

It can never be worse than Albumo.
And they pay in Euros.

Any of you guys have already heard about it?

Yap and I'd wish you would have kept it private for a while like all other people did here. 
Right now they work mostly on invitation till their site is 100%. No beta at all, but shock and awe when ready. Next week they'll put a referral program in place and it would have been better to announce it then. They will launch in June after they got 200,000 shots and when the site works flawlessly.

That's called the non-Snapvillage approach 

It's the site with the least number of clicks to upload I know of.
Very fast FTP, flawless.
Correct import of all IPTC fields, even "country" for those that use it.
Limit of 50 keywords.
Great MRF attach pop-up screen with model thumbs and checkboxes per model - fine for couple or group shots.
No categories: after FTP upload, one click on the completion page is enough to submit (easier and faster than Featurepics).
Review time of 5 seconds (last week).
They take editorial and I have the impression they are runaways from a large established Scandinavian editorial macro site.

Indeed, I din't know that.  I didn't even know it had a thumbnail viewer.

Yes it can do batch. I planned to write a short tutorial about it but here we go (I found it 2 years ago on the Coppermine forum):

The reason I do batch is

1. To mass-tag for fields like copyright, date, location, geotag. Since I shoot a lot of travel, my geos and exact location are very important.

2. To tag the same shot in different formats: of each and every shot I have the native 10MP, the downsized 6MP for subscription sites, the upsized 50MB version for Alamy and a 550px watermarked version for image sharing sites like Flickr.

- Open any image in the folder where you want to mass-tag in Irfanview; I just have to doubleclick it since Irfanview is my standard viewer.

- Press 'T' > the Irfanview Thumbnail Viewer of that folder opens. Close the original picture (important or you might have sync probs).

- Menu: Options > Set thumbnails options ... : I choose 150x150 but that's up to you of course.

- Select the thumbs you want to batch-tag by clicking on them - the same rules apply as in the Explorer: CTRL-click to add to selection, Shift-click to select a contiguous series.

- Menu : File > JPG Lossless Operations > Set IPTC data to selected files ... - activate this last one by clicking on it > Irfanview - IPTC information multi-tabbed window opens.

- The IPTC tabs are filled with the info of the first image in the batch. You can now fill in the IPTC info (included keywords) or just leave the info already there.

- The last tab Options defines how IPTC data in the window are applied to the images: all (included empty fields) or just the non-blank fields. This way you can for instance add a copyright and a location without touching keywords, description and title that are already there. If you forget that, you will overwrite all data in the images in the batch and perhaps overwrite keywords already there.

- When you are ready with the IPTC window, push 'Write', and wait a while till all images are done. Depending on the number, that can take some time.

- I couldn't live without it. What's more, in 3 years I never lost any image by Irfanview while Exifer can be be buggy at times : it made me lose a full batch. The only thing you should never do in Irfanview is open several windows (images or thumbnails or IPTC edit) since you might get nasty sync problems.

I hope this helps. It's really very productive in the work flow.

The only thing that Irfanview can't do with keywords over several files is search and replace, for instance when you made a typo in the keywords of some images like womens instead of women.
I nowhere found a program that can do that so I'm planning to write it myself, given some time.

The most important thing is to get exposure spot on in the first place.  It doesn't really matter if you shoot jpegs or RAW - if the exposure is correct you'll be fine.

True but since the dynamic range of a RAW is higher than of a JPG, you can redevelop a RAW a second time with exposure -2 and recover some blown out highlights that are totally gone in the JPG. That won't happen in well-lit studio conditions but for instance it does in sunny nature shots. After all, a compressed NEF only takes 8MB and a TIFF takes almost 60MB.

I think it is totaly unprofessional because there is no english version. I dont understand a word.....

Why is having a non-English site "unprofessional"? It would only be if they'd go international, but as far as I can see on the site, they are not. The problem would be the search terms since those are in French.

Although French is my second language (English my third and German my fourth, and Flemish-Dutch my first), I'm certainly not going to re-keyword for a French site. So if they would like to launch internationally, they'll first have to find a solution for the keywords and search terms. Not easy without disambiguation.

Yap, let the RAW stay raw with nothing tweaked in there. Then import to 16Bit TIFF and do all the tweaking there. Keep that TIFF as master copy. 500Gig disks are around 120Euro now so buy a pair. Just convert to 8bit JPG at the last moment and in case some things need to be redone, always start from the TIFF. The JPG is just for uploading, nothing more.

We have been experiencing a small issue regarding batch rejections, we are working to resolve it now. We apologize for the inconvenience.

What it really means is they are making preparations to behead the rogue reviewer.

This is one they rejected last weekend for limited blabla due to framing and/or cropping and/or composition. How should I crop then? add 20 megabytes of grey space around the shot?

If you search on Photobucket with the keyword "shutterstock" or "istock", you'll come up with many. Of course it's infringement but I don't feel it's dramatic since (a) the size is maximum 500px or so, and (2) no serious designer is going to "license" photos from photobucket or flickr since he wants to play safe.

Regardless of your opinion of the quality at SS, there is a rogue reviewer there with an agenda that is creating a problem.

I wrote my previous post before reading the SS thread about this. Yes, there seems to be a problem, but it could be a new site policy and not one single reviewer.
I'm glad you have the same idea about a reviewer's role, that is, do the technical review and sift out apparent uninspired snap shots. The customer should decide what's commercial. A photog can't do that. As you, I have very odd experiences in what sells and what not. You"ll never know, it's a Darwinian thing.

I picked this from the SS thread by a designer-photog and he exactly says the same:

As a submitter and user, and given Bichon's recent post, if I were looking for the Eiffel Tower, I would want to see all angles, all times of day, isolated or with sky, etc. I have much less tolerance for "Limited Commercial Value" than I do for blown highlights or noise. Those I can live with. It's far easier and faster to blow through 200 shots that DON'T work, to find the TWO you can really use, and the difference is in seconds or short minutes. If you're a designer, you know if it will work or not with a glance. If our SS friends have the TerraBytes, take it all in if the technical quality is there. Leave the art to the shooters.

In my humble opinion, our reviewers should be cranking down on noise, color, white balance, etc. The angles of the crops are, in my opinion, far more subjective than the technical limits of any submission.

Yeah, Attila the reviewer, the wandering rogue reviewer, passed at SS again last week. It was a while ago. Don't worry, he likes to switch agencies 

As above. Say you uploaded 1000 images to SS. What percentage of them has at least one sale ?

For me it's around 88% but I'm not doing the sexy business women with laptop and headset. I just do what I like and what's fun and if anybody wants to buy it, that's great.

Another important point is the distribution of those sales. In my case, it's a very skewed one. About 50% of my shots sold 10 times or less, but the top 5% sold immensely well. A real pro stock photographer here (I look in everybody's portfolio) will have a more flattened distribution. Look for instance at the port of Karimala, Leaf and others. They master all possible subjects.

A better question would be, imho, what percentage of your portfolio sells daily. In my case it's around 2-3% with peaks of 4-5% 2-6 days after a new upload.

There has been much talk here about SS upload strategy and I can add one observation. I used to upload batches of 10 and that worked fine. A month ago, I added a batch of 60 and the "new" effect didn't work at all. Sales staid flat. So last week I reverted to the 10 scheme and that did the trick again. There should be a course about ShutterStockology somewhere ;-)