I know others are going to be curious too, but could we get the task list public? So we know what to expect? And just to see the tasks?
I think some of them should be made public, so people can see if they really wanna do it. Some people might sign up and then hate it, and based on the maturity level of most people on here, they would start a shit storm and want their money back.
This all just sounds strange and a bitlast minute, since it has to be done in a little under 2 months and has 2 sheets of tasks. Seems like a lot. You should do a trial type thing first. Make it free, just for fun (like POTW and VOTW), and only have maybe 5 tasks and give people a week or 2 to complete them. See how it works out before you put all this effort into it. It would also get the word out more and kinda earn peoples trust, cause Im sure not everyone on here wants to send a random kid $5 just to get a list of things he has to do and film.
Im not trying to sound like an asshole and I dont mean any offense to you by this, but people have tried stuff like this before. You should just put the idea out there first, get some feedback (the trial period), and then go all out with the more organized competition style.