Then again, it is DEFCON CTF they're trying to get into, so it does require some amazing problem-solving skills.
Checkout their fabulous journey at
PAQ804 says that it is fourth modification to the initial PAQ8 archiver.
It will increase your insights in to programming tremendously.
Half of the competition requires exploitation of network services. This year included x86, x86-64, sparc64, ppc, compiled python, a java interpreter statically linked into a x86 binary, among a bunch of other random ones. You can't be a script kiddie and do well in this competition.