Coursera's "Machine Learning" study group

I was thinking about giving this class a go, even though many of you guys here posted about how watered down that class actually is, compared to the live one (available on Stanford's website). I trust your judgment, but then again, newbie should start with something easy, right? If there's anyone else thinking the same, what do you say about the study group? It could be fun and we could learn alot from each other, help each other, keep our motivation high :)