Context seems to be here.

I'm also willing to put, let's say, $100 on the line at 5:1 odds that this isn't going to get a Hugo for Best Novel. (Best Fan Writer is far more feasible, though I'd still give it less than even odds if there's a push for it, and less than that if there isn't.) Reasoning: it's an atypical work for the category, which already steeply discounts it; it doesn't display any particular literary fireworks or great innovations in terms of setting or speculative fiction conventions, which is what the Hugos have tended to look for (historically more the later; lately more the former); and it doesn't have any particular following in, or ties to, literary SF fandom as far as I'm aware.

You could argue its significance for the fanfic form but that's going to be a tough sell to Worldcon.

(My actual probability estimate is more along the lines of 50:1 or lower, but I'm not prepared to go through that kind of trouble to win a couple of bucks, nor to risk thousands of dollars on the off-chance that someone knows something I don't.)