Probably not, as manga heavily depends on large amounts of dialogue and a fitting art style, so reading it as a normal book would get kind of boring. Although I'd really like to see an author try to write the action scenes from an anime like Bleach in the form of a novel.
Also this:
Also this:
Panayjon said:Actually some very popular series started out as light novels (as opposed to manga). Off the top of my head:
Slayers
Twelves Kingdoms
Melancholy of Haruhi Suzumiya