While your application has not been rejected, it would be appropriate to remove 'Finalist in Google's Android Developer's Challenge!' from the Application Description
I can understand why that would be appropriate. Most users would have no idea what Google's Android Developer's Challenge is: "How do I download the other finalist apps?" "I bought this application that says it's Android - how do I run it in my wife's Nexus One?".
Not to mention the courtesy of not promoting competitors products in one vendor's own turf.
This is a huge overreaction by the PCWorld editor to linkbait you all. Even the application author thought it was reasonable. I'm surprised no one had picked up on this yet.