Reminds me of something similar: http://librivox.org. Everything recorded is public domain and the recordings are done by volunteers -- so there aren't any newer books, but there are some good recordings of the classics [including some poetry]
What a piece of work is a man! How noble in reason, how infinite in faculty, in form and moving how express and admirable, in action how like an angel, in apprehension how like a god -- the beauty of the world, the paragon of animals! — William Shakespeare
