Hacker Shootouts? (Jim Reavis in Network World Fusion)

"I personally like the idea of companies sponsoring hacker challenges, where a box is set up on the 'Net for ingenious hackers to test their skills and win a prize. These challenges can be educational - for the hacker, the sponsor and sometimes for the product vendors as well. I would like to see more hacker challenges, bugs bounties and crypto algorithm cracking contests."