I'm with you on this. They don't have a specific plan and I am well on the side of pessimism so far. Especially because they make no attempt at transparancy on the site. If they really wanted me to feel their sincerity, they'd have a section of the site introducing the people (other than Lessig) behind this PAC.
As is, I donated anyway, because I believe in Lessig's commitment, but I want to see some specifics soon.
I know that part of why they can't name specific races they're entering for example is because they don't know how specific midterm races are shaping up. They also need to be very careful at this stage to avoid alienating donors from either party by outright stating they're targeting an incumbent from their party (or worse, district). I just want them to start doing their research on these imminent races and start releasing this info to the public. Otherwise they will be forgetting that the only thing the growing populist sentiment in America hates more than moneyed interests, it's secrecy.
I wish them the best. And as is, they're likely to get it: they raised over a million dollars in the past four hours.