Aran Hudson (Cole Bl♠q) is organising a LEGO speeder bike contest over on Flickr. The contest takes place at the LSB – Lego Speeder Bikes Group and the thread for the announcement and discussion can be found here and the entry thread here.
First prize is a chrome Stormtrooper riding a bike with Chrome parts. And the 2nd and 3rd prizes are random Minifigs from the MS2. A special Speeder Bike with rider is for the most innovative concept.