I'm glad to hear that people are taking to the theme! I've just made two changes of note to the original post:
1. Site administrator Sméagol has joined the judging panel. I'm currently attempting to contact two other members who I believe would make wonderful judges and will update if anything comes of that.
2. The stakes have been raised! I've updated the 'Prizes' subsection to indicate that in addition to the respect and adoration of your fellow filmmakers, the first place winner will receive a $20 Amazon.com gift certificate code!
Finally, forum member jstudios has opened a separate thread to post production updates for planned entries here. Participation in that thread is completely optional, of course, but it could serve as a nice place to get feedback and/or size up the competition. I've browsed through the posts that have been made so far and I have to say that I'm excited to see the things you folks are coming up with.