Woohoo, this is exciting and I can't wait for the fun to begin! I just wanted to re-emphasize something Lori already mentioned.
Even if you're not the contest winner(s), don't get discouraged because we hired a few designers a few months AFTER the contest ended, when we had a need to add to the staff. So you never know... give it your best - the whole experience is a great way to grow as a designer.
Good luck to everyone!