Matt, you should probably change your sleep schedule so you wake up just before the format is announced.
LOL
By the way Matt, that is absolutely awesome. I had no idea you were even into stuff like this (and skilled at it). I would love to participate in something like this (even though my only real skill would be writing the screenplay) and I'm jealous that you guys have something like that over there. Matter of fact, maybe I can steal the idea and start doing soemthing similar in the Netherlands

Regarding advise: you can easiliy do without sleepfor 48 hrs. but you likely won't have to. It's probably not useful for your whole team to be up 24-7. Nice prize support, too. Avid Xpress Pro and the accelerator cost some 3,000 bucks. The camera is likely the AG- HVX200, which costs some 6,000 bucks.
Could you put the film you end up making online for us to view?