If you've heard of this contest, were thinking of entering, or *have* entered...go read the WriterBeware blog entry on it at the above URL. It's a fraud, a scam, a total 100% lie.
You'd think such scams would be obvious even to the most eager not-yet-published writer, but they're not--wishful thinking can obscure the warning signs. I was taken in by a poetry contest while in high school--used up my allowance for a month for the entry fee without telling my mother, but she caught on when they wanted an incredibly high price for a copy of the book my poem was in.
While SFWA tries to track down and deal with the person who perpetrated this scam, don't any of you fall for it.