Just at the moment, I really don't have a minute to write anything substantial, but I've just finished Wood's hugely disappointing How Fiction Works, so I would like to respond, both to Nigel's article and to Wood's rather weak new book. Perhaps over the weekend? I'll try.
Very briefly, my major beef with How Fiction Works is, I suppose, how it is being sold to us. "His first full-length book of criticism" this is supposed to be a definitive -- a summing up of "two decades of bold, often controversial, and now classic critical work" -- and "searching" statement from "one of the most prominent critics of our time" about "the machinery of story-telling." But it is little more than a Dummies guide to narrative, detail and characterization. It heats up a little towards the end -- in Truth, Convention, Realism, the key chapter, and one that really needed working up into something a good deal more substantial -- when Wood argues for the persistence in art of a realism really better called lifeness. But most of the rest of the book is pretty meagre stuff.
His assertion that the history of the novel is really the history of free indirect style is interesting. And it surprised me that Barthes and Viktor Shklovsky are his favourite literary theorists -- even if this book "conducts a sustained argument with them." Sustained I didn't find it. It's a great crib, no doubt, but "one of the most prominent critics of our time" should surely be doing a lot more than writing a kind of student's guide to the novel.