An anonymous reader writes "Microsoft has launched its first-ever shared source programming contest. With several XBox 360's and an HDTV on the line, hackers will download 120-day trial versions of Windows CE and associated tools, and create 'cool, real-world' apps using designated shared source components. Judging criteria include originality, real-world practicality, feature-extension of the Shared Source components, project documentation, and a short video that demonstrates the successful operation of the project. The Grand Prize is a complete Xbox 360 dream setup consisting of the Xbox 360 console, a 34-inch HDTV, games, and accessories. Three other winners will be awarded Xbox 360 game consoles."