Sure. I'd just note that it's not necessary to put work up in public places to get feedback -- actually, I would guess that it's directly counterproductive. For $50/yr, you can join the Online Writing Workshop. For free, you can get crits at Critters. Neither way involves giving away your work.
I just generally think it's a bad idea for beginning writers -- who someday want to be professionals -- to put their bad work online. It gets google archived. If people read it, they learn to associate your name with poor work (because being posted online reads like publication).
And I'm not sure who the pool of readers is supposed to be, for self-published, admittedly first draft fiction. I mean, if I want to read great fiction, I can go over to Strange Horizons and read for free, stuff that's polished and chosen by intelligent editors. I could listen to Escape Pod. I also think most working writers have our own critique groups, so we're unlikely to traipse over to someone's site to give advice. I glanced once, read a paragraph, and replied, "Please proofread."
Beginning writers are best served by finding people who are slighlty better than they are, and getting critique from them. I am not convinced that those people are to be found reading self-published sites on the internet -- not when there are free online critique groups that offer such services in a private space.