Ask HN: Lyrics website startup?

Naturally, being in this community for so long I see something like this as an opportunity. I started a thread over asking what people would like to see in a new Lyrics site (on reddit). That received minimal attention but I got a bit of feedback:

-No annoying adds (playing sound, irrelevant, covering the text)

-Easy searching that works

-Simple design

-Categorization

-Stop messing with my browser behaviour (selecting, right-clicks)

Now, I have some half-way decent ideas about how to set up the thing, such as letting it be a community run site similar to how sites such as stack-overflow are moderated. I also have some long-goals, such as attempting to get lyrics data direct from labels and link directly to their preferred supplier for that music (however, I don't think this is revolutionary).

The biggest thing in my mind would be a lyrics site that doesn't take hours to load, get out the bloat of junk, and let it be a community run thing with tagging and moderation.

I'm the sort of person who thinks things too far into the future and too broadly on the horizon, so my main concern with this is that I've made my target so large I don't have a project that I can complete in short order with minimal complications.

My key theory is that people will use my site because it will be an open community, and not bloated with junk. I'm planning on something like google ads onto the page as the primary form of monetization.

Have I gone too far, or missed something critical that I should stop and look at, or should I put fist to the keyboard and bang this thing out over the next few weekends?