CodeSprint begins today at noon (PST), with 65 participating startups
codesprint.interviewstreet.com
codesprint.interviewstreet.com
That seems like a mistake. How could there not be a penalty for unreadable, slow, or bloated code?
The real world rewards timeliness not comeliness.
Contests can, and should, require maintainable code by giving you one goal and then at acceptance throw some new requirements at you. But still, if you win you're showing your code was more maintainable even if it's ugly to others.