Good idea, but not a good idea if run by these people. I'd actually like to see this take place, but at least take a meddling week from today to organize EVERYTHING. Tell Robbie to stop making new threads, then changing the rules, etc. If this whole thing is Music's idea, then let him run it. I'd like to see trusted members of the community judge this thing, not Robbie, Pheeks, and Kyuuchi.
Whatever you do, make sure you have everything set and ready to go before you post.