You'll see from the video that the competitions addon is full of features and we'll be going live with it soon as part of our big migration from vBulletin.
By the way, I set up and published a competition from scratch and explained how to do it in less than 20 minutes. If you have the assets organised (we have a digital form which competition sponsors have to fill out and send to us) then you can pretty much copy and paste everything right in and get the job done in less time.
Sometimes you have to faff around creating a nice thumbnail and in the vB system, I wrote a script which allows the creation of a thumbnail using several source images and text.
But that would have taken too long to do, so left it out. All the same, it's a quick and easy process.
There are features which are 'nice to have' which I hope Chris will get to after more pressing jobs are done.
These include reports on the total value of prizes awarded (for marketing purposes), graphs of the number competition entries by day and other features suggested in this thread.
For the moment, what we have is a really simple, yet powerful tool for running extremely slick competitions with very little effort, developed with the experience of the competitions system running smoothly on avforums for years. I think the biggest prize we have given away on our competitions so far was
this £5,000 projector sponsored by Sevenoaks and JVC.