Ask YC: Ethics of outsourcing

Could someone please look at the very detailed and extensive list of requirements and deliverables in this ad for a contract job, then look at the stated budget and share your opinion? Is it just me or is this particularly egregious?

http://www.getacoder.com/projects/artificial_stock_market_70499.html

Maybe it's not unusual, and maybe the bidders are happy for the opportunity, but would you--as coders who know what a project like this entails--take advantage of others in this way? Especially considering this is in the financial domain and there is almost certainly some sort of monetary aspiration at the heart of the project.