My one good idea and I'm giving it away for free...here it is: ESPN++.
24 hour coverage of programming contests, feats, challenges! I won't bore you with further details since you're not here anyways. You're running as fast as your little-used sneakered pedals can towards the nearest VC. It's OK, little one, I understand. There's always a servant...and a master. Run, seed of my destruction, run!
Which makes me wonder, does anybody out there broadcast the annual International Collegiate Programming Contest co-ordinated by (ACM) The Association for Computing Machinery? Gripping stuff, I'll bet.
Just looking at the quiz archives for the ACM contest makes my IQ drop. As a programmer, you're never the first. Someone else did it, and better. Even, Jim knows that and he's Canadian! :)
Quick jot: Gulker summarizes P2P. Nice.