I would argue any developer that understands the Traveling Salesman Problem is turning down job opportunities left and right. Call me a skeptic but if you don't care about the code, then sounds like the ulterior motive is to screen/recruit young developers and get some publicity.
In any case, I'm glad you're concerned about my feelings. I'm not attacking you, I'm attacking the trend. The only type of contest I believe in is a contest for charity. Anyway, you knew the contest would be a risk when you came up with the idea, right?
http://www.quora.com/What-legal-issues-come-up-when-running-...