http://www.cobcottage.com -- pics, videos, and books. Ifo on practical demonstrations or longer seminars ...
They're the folks who brought cob to the USA, or at least popularized it in the 80s - 90s. They have a whole village at their construction school outside of Coquille, OR -- each building more interesting than the last. Well worth the trip. For that matter, well worth the price of their on-site seminars.
The technique comes from Wales -- an extremely harsh and moist environment comparable to Alaska's Aleutian Islands. The folks at CobCottage specifically chose Oregon's south coast as their test site due to it's highly moist conditions & often harsh storms. If the technique holds up there, it should be fine anywhere.
Moisture / fiber: Does not seem to be a problem. Because the structure and finish are not what we would think of as sealed, moisture enters the wall, and just as easily leaves. The difficulty causing deterioration of the fibers is when moisture gets in but is trapped and can't get out. Cob is neither constructed nor finished that way.
Conventional wisdom says that if you give a cob building good boots and a hat (foundation & roof), it can last forever. There are homes in Wales that have been continuously inhabited for upwards of 600 years.
The method IS labor intensive, but FUN! Friends who get involved for a day may well find themselves hooked. And for those who just must, it is possible to mix large batches of cob quickly using power equipment, though for many folks that defeats half the joy of the experience found in the peacefulness of doing it all by hand.
One doesn't have to do a full house to play with and experience the technique. It can be used to build hot-tubs, wood fired ovens and cook stoves, a fireplace in an existing structure, garden walls with unique little nooks, etc. The possibilities are pretty much endless.
Putting a point on it, if I weren't devoting the rest of my life to ministry, chances are good I would do so to cob construction.