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Sounds interesting...
Be careful with the weekly payouts. Some networks have been burned doing this. What are your chargeback/refund terms?
For instance, let's say you pay each Friday. On Thursday an affiliate has 10 friends sign-up. The next day the affiliate is paypal'd the commission. The same day each 10 customers can request a refund and you are out of the cash. With PayPal especially, it's extreamly difficult to reverse a transaction and takes ages.
On the flip side your refund policy may be that there are no refunds. That would solve that issue, but you may have a small percent of disgruntled consumers (which you can always except anyhow.)
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