Hmmm.... I am not a friend of those retro things and "lets do it as small as possible" competitions. We have 2008, so why trying to do things that run on 20 year old machines? I see no sense in this, but thats just my personal opinion

I like to be creative, and not only in the coding way. Doing arts is about 50% of the fun to me when making game projects.

I like the idea posted by Jason: "The big race" ....where everyone could find a game he would have fun to make.

And to be honest.... wouldn't it be great to have something you could use further after the competition? Something thats the starting point for a commercial game?
I don't think you can sell beep beep bang 16 color games

I know, this should just be fun etc.... but I don't like to spend my time on things I cannot use in the end. Its like writing down 1000 pages of nonsense text to throw it into the chimney in the end