Last year I proof-read the first novel of a friend of mine, which is great imho. Today The Times offers some advice on how to not write a boring book. Invaluable tips for would be authors from the no-nonsense book How NOT to Write a Novel. Not that this should be formulaic. The greatest stories make sense and tap into the imagination to take us beyond. Three places to go for a great story online. Try Jonah, Esther or One Sentence.
Think more with Andrew Fellows at L'Abri: The Two Streams, integrating reason and imagination (by his own confession in the mp3 not the most imaginatively written lecture on imagination but worth a listen).