In an attempt to help out other people to find all the answers thus far, as well as respond to a couple myself, here's my Q&A list:
Virgil - "Excessive is the key word there. There's a line where you cross into bad taste, and the staff and judges get to decide what that is, and reject the ones that go above and beyond."
"OMFG teh Escapist ownz mah gaem?? WTF?"
You are making a ZP-based game - a series on the Escapist - presumably using assets and logos from the series/site - owned by the Escapist. They're just protecting their trademark, you can't claim full dominion over the game, as you didn't create every part of it. Also, they know as well as you do who made the game, and are offering exposure for your work - more than enough compensation for any indie developer.
Yes. One member will be the "team lead", and that person will be responsible for submitting the game, and dealing with any prizes that may result.
"Can I put credits in the game?"
Yes, your Escapist username or real name would both be fine.
"Can I post my game on other sites?"
No, you are using assets owned by the Escapist - see: "OMFG teh Escapist ownz mah gaem?? WTF?". *Note: it may be possible to get permission from the Escapist to do so at some point, however.
Yes, your code must be able to be reviewed to check usability and protection against any malicious software. In addition to protecting their name/trademark, they're protecting their computers, this is common sense.
If you're serious about learning Flash, pick up a book on it, there are plenty out there. If you're half-serious, and just want to learn barely enough to make something to constitute being called a game, google "Flash tutorial"; it's pretty easy.
"Why can't I do illegal things?"
Archon: "What that rule prohibits is acts that *even if performed in the context of a game* are prohibited under law."
Translation: Don't make your game *actually do* illegal things.
"but teh Escapist wanz to ownz mah gaemz!"
Oh, shut up, no one is telling you that you should enter. If I go out to dinner and I don't want anything on the menu, I don't yell at the waiter until they agree to make something I can get at another restaurant, because it's my money, and they shouldn't be allowed to take it from me in exchange for what they're offering. Go elsewhere, no one will miss your pointless complaints.
In queue:
hamster mk 4: "Would it be safe to assume that after the event we could strip all Zero Punctuation/Escapist art assets /references out, replace it with our own non-related content, re-release the game as our own copyright, and not get the pants sued off us by the Escapist/Themis Media?"
Rod F:
"- Can a member participate with more than 1 game? You know.. in case we manage to manipulate time and be able to generate multiple games in our spare time within the time limit...
- Can it be coded in ActionScript 2.0? Or it only matters if it runs on any current flash player?
- Can the developers include MochiBot code for their own monitoring purposes ?(we have egos, you know.. and I think there's nothing wrong with checking out how many times you guys will play our game to gather enough material in order to bash it without mercy... "Hey! Yahtzee said my game should be considered as a torture device for how bad it was... but at least I KNOW he played it 20 times!!)".
- Can members from anywhere in the world participate? (you know.. because I want that swag bag to reach the infamous shores of Uruguay if I'm lucky enough to win)."