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It seems that’s WordPress plugin competition is, in their words, “heating up”.
Here’s what they have to say about how things are going so far…

We have 18 plugins announced so far for the competition, with at least five posts in draft stage (so at least five other plugins waiting to be posted). If you have written a plugin since the start of the competition (1st of May) and are looking for some more exposure for you and/or your plugin, read through the rules, signup on the plugin competition blog and post your plugins.
If you did not know this already, there is over $3000 in cold hard cash to be won in the competition! Generous donations made by WPMUDev, BuySellAds, WPWebHost, White Shadow and Ozh have made the awesome prize pool for the competition a reality. Thank you to all the sponsors, developers and authors for helping us make this event a reality.

Sounds like some fun stuff will be coming out of this contest. Should be very interesting to see how this pans out and what sort of creative plugins gets developed (whether they are the winner or not).
There’s still time to get in on the contest if you’re a plugin developer, but only weeks. Better get to it!