Unknown Ponies: the Failure is Awesome RPG

Author Blurb: Ever since I posted about the My Little Pony RPG I ran on New Years' Day, there has been a demand for the rules I used to run the game. It has taken me longer than I expected, but I have finished the first draft and am now putting this out for the Internet Hivemind to digest. Please read it and tell me what you think. Or, even better, playtest it! Try and break the system (probably won't be difficult). I wholeheartedly welcome all constructive criticism.