Today I present for your perusal The Chronicle Project. This group present their theory of "Self Defining Hebrew." According to this theory, each Hebrew letter is actually a word. Using this system, they have begun to translate the Book of Genesis. Samples of their work are available (click on BOOKS). These present first a parallel literal English/Hebrew followed by a paraphrased English version. The information under Home, Discoveries states that this is not a translation, but a restoration.
As an example, their paraphrased English version of Exodus 20:1-3 reads "And so the supreme ones decreed all of the decrees and declared: I, Ruler of all supreme ones who created what you have, the one who progressed your people by colonizing you in the land of Egypt, that house of service. Do not seek the council of the supremes behind my back to seek council."