We played a whole PbP with this over on rpg.net, and it was brilliant fun (somehow 3 out of the 4 starting characters made it to the end). Simple, light rules that reward world-building.
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Awww! I'm sure Archie cried at points too (when that dragon urinated on the party, at least...). :D
It was a pretty perfect fit for PbP, both in terms of tone (I find lighter, more comedic games work better in PbP myself) and rules. Plus, it's the sort of length that makes it actually possible to finish as a PbP (with a few lucky dice rolls anyway!).