Here is an Instructables/Sparfun microcontroller project competition . All the ads on Instructables tend to bug me, but it has some interesting projects entered so far, and it's not quite over. This might give people ideas for their own projects, or maybe enter their competition!
http://www.instructables.com/contest.../?show=ENTRIES
Keep in mind, we have a little competition of our own going on as well. Ours may be smaller, but your chances of winning are probably better!
http://www.picbasic.co.uk/forum/content.php?r=288
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