That sounds like a kickass station! In all seriousness that is what *could* happen if the little guy was entrusted to broadcast a station. Although 99% of the content may not appeal to you personally, it's 99% more content then what is available now.

Suppose you like country music but you don't like the one or two country stations that broadcast in your area. Given the empowerment to broadcast small stations with a minimal or non existent fee would allow you and your neighbors to provide an alternative to the one or two stations you don't like to listen to in your area. Radio is a public service that is severly abused by the interests of corporate clowns that have forgotten about the music or the talk and have dollar signs for eyeballs. I used to work in radio and it was always a catch-22 situation to position the station to appeal to the local market while still caving into the demands of increased ad revenue (less content) the corporate owner would impose. With higher ratings more revenue is generated, but to get high ratings you need a lot of content, which you can't provide because you need the time for ads.. sigh.

I very much understand the technical problems of granting everyone a license to broadcast, but the fcc could allow for the increase of power that each station could broadcast with to eliminate or reduce the crosstalk that comes along with adding additional frequencies.