You've got it all wrong Fallen One. What NaNoWriMo encourages is for you to get out a rough first draft of 50,000 words or more. It doesn't have to be good because what they're encouraging you to do is get your ideas down into a piece of prose and have material to work with when you come to edit it. I found from the first NaNoWriMo I spent plenty of time editing my writing, but the really positive thing was I had it all written down, it was a case of improving it, fixing plot holes and making it better.
Also, you're able to plan to your heart's desire before hand and you get time to think about what you're writing, it's only 1,667 words per day, once you're getting into it, it's not so bad.
It's easy to start a novel and not finish it. The point is to give you a goal and encourage you to meet it.
Quote: "Damn it! I was wanting to write a sonnet about my love for Kerry Katonas prawn ring, I was thinking of popping down and fingering one today, my mouth is watering just thinking about it, and for just 3 pounds that qualifies you for entry, just think you too could be gobbling off Kerrys prawn ring as well."
Then write one.

It's the National Novel Writing Month, not the National Poetry Writing Month, not that it should stop you from writing poetry lusting for Kerry Katona.
Quote: "Speaking of which, does anyone read these Babelonian towers of word spurt? Or is it just literary onanism. An embarrassment of discharge wrapped in white paper and shameful discarded in the bin or flushed down the toilet."
Depends if you want them to. It's not a competition, you're not entering to 'win' and therefore you entries aren't judging by anyone. Yes, you could in theory lie about your word count, but there would be no point in doing so, other than to make people think you can write 50,000 words in a month. There's no prizes. It's like running a marathon. You're not writing as though you're going to publish what you've written - you might try to publish what you've edited. I have shown some people my work from my previous NaNoWriMo, but only stuff I've edited, nobody but me will ever read the first draft. Generally the feedback is positive.
Quote: "I'm very tempted, but I have all 3 hands full of things to do. Perhaps I'll enter the August one. Good luck Seppuku, I hope to be able to read what you create."
Fairplay and thank you. I'll probably only share any edited versions. Given it's part two of my novel, you'd probably have to read that first. But much of the first part has been edited enough for me to show others. I do plan on attempting to get it published, so I doubt I'll show the whole thing.
Currently at: 6,819. Beaten today's goal.