"A lot of SF readers dismiss literary fiction as worthless: turgid, mazy, self-referential prose, annoying characters, stories that meander for hundreds of pages without really going anywhere, and a blinkered obsession with the world of today (or yesterday), with scarcely a thought spared for tomorrow. [...] Most such fiction still languishes among an insular audience of tediously clever hipsters and academics, ignored by the SF-reading masses." 
"This very question was addressed at a panel at the San Francisco Writer's Conference, and everyone had a different answer. Some people feel that commercial fiction emphasizes plot whereas literary fiction emphasizes characters. Others feel that literary fiction emphasizes unique prose whereas commercial fiction is more straightforward. Still others stick to the 'I know it when I see it' defense, and then of course there's the 'literary fiction is that which does not sell' definition. Complicating any delineation are genre busters like Cormac McCarthy and Elmore Leonard, who write genre fiction and have plot heavy books but are considered literary."
"Everything written in self-conscious, writerly prose, on the other hand, is now considered to be 'literary fiction'—not necessarily good literary fiction, mind you, but always worthier of respectful attention than even the best-written thriller or romance. It is these works that receive full-page critiques, often one in the Sunday book-review section and another in the same newspaper during the week. It is these works, and these works only, that make the annual short lists of award committees. The 'literary' writer need not be an intellectual one."
 Bransford, Nathan. "What Makes Literary Fiction Literary?" 26 February 2007. Nathan Bransford--Literary Agent. http://nathanbransford.blogspot.com/2007/02/what-makes-literary-fiction-literary.html
 Evans, Jon. "SF gems from the literary ghetto." 6 October, 2008. Tor.com. http://www.tor.com/index.php?option=com_content&view=blog&id=6842
 McCrum, Robert. "The end of literary fiction." 5 August 2001. The Observer. http://www.guardian.co.uk/books/2001/aug/05/features.review1
 Myers, B.R. "A Reader's Manifesto." July/August 2001. The Atlantic. http://www.theatlantic.com/doc/200107/myers