It had to happen..Here's a short film competition where budding editors compete to produce the definitive cut of a short film from over 160Gb of rushes. Shot on the RED 1 camera so nice quality material. Go fer it...
http://www.opencut.org/
"OpenCut is a completely open-source film competition designed to encourage people to take professionally shot material and edit it in their own way. As there is no "one way" to tell a story, so too can stories benefit from being re-edited and re-told from many different vantage points and perspectives.
The winner of OpenCut 1.0 will receive a brand new AJA IO HD from Silverado. They will also be recognized as the "editor-of-record" at IMDB and will have their cut submitted to multiple film festivals."
Entry costs US$25