I don't know what this project means at all. But if you're interested in projects that formalize the knowledge encoded in stories, check out http://groups.csail.mit.edu/genesis/index.html
Professor Winston isn't alive to drive the project, fyi, and I don't know what other similar projects there are.
Trying to understand how you “compile a book to JavaScript”. Just write code based on the examples or what? Oh well, you got a subscribe so I can finds out...
What is the target knowledge representation that you expect to produce here? Are you suggesting the neural nets will output formal knowledge represented according to an ontology? This is very vague.
Strange that the author starts with a book that began as an online, runnable, interactive book. (Taking a lot more than a week to write.)
Presumably he would end up with a library of functions that somehow capture some of the mathematical models found in some books. Without any of the understanding of what they mean or how to apply them, this is meaningless.
If you really want to do something meaningful and ambitious, spend a year trying to write a program that can understand a single sentence.
Professor Winston isn't alive to drive the project, fyi, and I don't know what other similar projects there are.