The Bellkor team has produced results good enough to win, although other teams have 30 days to try and beat them. Here’s Bellkor’s site:
Some links to other posting on this contest:
The contest itself should win some sort of brilliancy prize. Netflix has gotten far more than $1,000,000 worth of good PR out of it, along with an improved algorithm for cheap.
The Bellkor guys get bragging rights worth easily $1,000,000 over their collective lifetimes, even if somebody else comes during the next 30 days.
I'm guessing every team in the top 20 will do well economically out of this.
Here's one of the guys in the top 20 (#16) using similar techniques to predict wine prices: http://justaguyinagarage.blogspot.com