I think the contest is a great idea, but the movie...meh not so much. I really hope you took into account that edits are going to come in with shots at different frame rates, PAL, NTSC (23.97, 29.97) Formats, 1080i60, 1080p30, 1080p24, XdCam, P2, DV, HDV, ....I dont know, I don't see a film with a bunch of random edits really fitting together in a movie that will have any flow or form. I like the idea of the contest though. There is so much potential for a film like this, I just feel the approach should be different then everyone send me your edits, and put it together in a 20 minute montage edit, of the original edits we can watch seperatly. There has to be some exclisivity.
And if you do collect the footage seperately and Dave you are the only editor, your going to have a heck of a time working through all that footage, and formatting and resizing it all, and getting a timeline with the same frame rate! Best of luck though.
Facing your biggest fears, and being honest with yourself, and everyone around you makes you stronger and more respected. Stay true, dont hate, show love, and change the world.