Cogito's First Discussion Post: Fan Fiction (Yay or Nay)

First of all, you might be wondering what a discussion post is. Basically, it's a post where I start a topic, such as the one I'm mentioning in this one, and you lot chime in with your commentary. We get a dialogue going on through comments and "discuss". Very simple concept, but it can be a lot of fun as long as we keep it civil and respect each others' opinions, no matter how much they might differ from our own.

Fan Fiction

Fan fiction is a pretty simple term that's used to describe fiction written by fans -- just like the name says. Fan fiction can be derived from not only books; but also movies, video games, and television.

Some writers feel honored by inspiring their fans to play with their characters, others simply tolerate it as a fact of life; and there are others still who actively campaign against it (though this is rare).

So, the question is...

Fan Fiction: yay or nay?

Where do you fall into the generalized spectrum? Would you feel violated if someone was so enthralled by your work that they wanted to write their own take? Or would you be tickled pink with pride?

Personally, I'd fall into the latter category. As long as they're not making money off of it or claiming it as their own (which is very taboo and illegal), then I would have no problem. In fact, I would probably read the fan fiction. Why? Because imitation is the sincerest form of flattery after all; not to mention, it's always funny to see how people think your story will turn out. Sometimes, they're right on the money; others, they've got no clue and they're as wrong as spandex pants on a hot summer's day.

So, what do the rest of you writers think? Is it an abomination or a celebration? You decide.