Good to hear from you darknath.
I personally will be skipping this, but not due to the quality of the prizes. Rather because I already have (most) of the games I would be interested in, and because my planned entry didn't work out.
(Being totally uncreative and derivative, I was planning to make a beadsprite of one of the frames from
this .gif, but then realized that I lacked a bunch of colours I would need. Then I was thinking of woolspriting it in Minecraft, but found the task to be much too time consuming, as not only is placing all the blocks correctly a pain, but I would also need to set up a large scale wool production - I play survival mode only, no creative mode for me.)
Now, if there is a public voting, I will certainly look over all the entries and give my vote to the best one. I hope you get many entries, as the contest deserves.