Although I am excited to the see the designs that result from this contest, I'm slightly worried about some of the implications of it. Although this article refers to copyright law in the U.S., it does mention principles that might be extended to the similar laws of Switzerland, and the lack of any legal text in the announcement post (which are referenced in the Promotions segment of the Terms and Conditions) means that it doesn't seem to explain how the exact transfer of copyright will occur from the creator of the design to the site. Additionally, some sites have brought up the possible ethical questions that may arrise from spec contests, none of which are addressed in this thread. If I were to participate I would need to hear more about exactly how my rights are being handled, especially given the lack of direct monetary compensation.