There’s still time to sign up.
All this is not as crazy at it sounds. There is a book associated with this annual event by Chris Baty, titled: No Plot? No Problem!
The whole affair (book and annual contest) is really an exercise in learning how to write, by building confidence that obstacles can be overcome, and by establishing firm and productive work habits.
Look at it this way: the November writing project does demonstrate annually that it really is possible to produce some kind of novel by only a month of determined and persistent effort. So if it really would take most of us a few more months to produce anything worthwhile, it is still good to realize that the work is really finite and well within the capabilities of a great many of us.
Hat tip to Steve Bodio.