I think it is interesting you posted this an hour before Slashdot posted this:
"George Anders writes that companies like Facebook are finding that
old-fashioned hiring channels aren't paying off fast enough and are
publishing gnarly programming challenges and inviting engineers
anywhere to solve them. 'We developed this theory that occasionally
there were these brilliant people out there who hadn't found their way
to Silicon Valley,' says Facebook engineer Yishan Wong who volunteered
to draft puzzles so hard that he couldn't solve them."
--
--Tim Bielawa
http://lnx.cx
I'm glad this generated discussion.
We're really pushing this event. We need to be competitive. Activities
with others like ourselves are the best way to prepare for a life of
doing things like this.
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Looks like wikipedia is having a programming contest too!
http://www.mediawiki.org/wiki/Special:ContestWelcome/October_2011_Coding_Challenge
-- Tim