I am a 20-year-old college student, 5 years into being a bassist, with a very mediocre skill level. I am sure I have vastly less experience than most people on this thread,
A bandleader I know threw together a cover band to play a block party. Mostly modern
alternative rock, with some older stuff. 15 song set. We met the day before and learned the whole set cold (took all afternoon and evening). We had a short rehearsal the day of, and then absolutely nailed 14 of the 15 songs (We flubbed David Bowie's "Starman" pretty horribly).
My point is, if a bunch of college kids can learn 15 songs in a day, then I am absolutely positive that working pros with decades of experience can learn 50 in a week.
There are quite a few things I will never know, because I was born too late, but I don't think bluewhine knows them either.
I'm actually just one year ahead of you - 21 years old with 6 years of experience
Actually, it'd be easy to tell if it's been done. We all wait until either myself or another person says, 'okay let's start the 2 week count down (for example) tomorrow', and then have a set list sent to myself (or whoever is participating), Jive, Blue, and whoever else might be interested in seeing this pan out. Then we'll have the guy upload the videos before the 2 week point is up. I also have access to WSJ's at my apartment complex, so I can show them in the videos so you know what day I'm playing the songs on.
I've only got two questions: Is the list only going to be composed of 50 songs, or will it have 60-70, which will give the person participating some room to choose what songs he or she wants to play?
Also, will these have to be note-for-note renditions, or will a song count so long as the bassist gets the major points across?