Matthew Cheney, one of the most astute commentators on speculative fiction (and much else besides), has a good essay in Strange Horizons on the relationship between plot and story. He riffs on some recent statements by John Grisham, who apparently feels that "literature" lacks plot or at least a respect for plot. Cheney offers words from Aristotle and the Russian formalist critic Shklovsky to suggest otherwise, and then demonstrates his points nicely with a quick reading of Peter Straub's work.
Strange Horizons is a must-read... and so is Cheney in his usual haunt, The Mumpsimus.
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