Dream-Build-Play '08 has begun! This yearly competition, run by the XNA Development Team is reaching out once again to young developers to create the best XNA game they can between now and September.

The winners can get up to $40,000 in prize money and one of the top ten finalists will have a chance at an Xbox LIVE publishing contract.

Last year Microsoft extended the Xbox LIVE contract to the top four spots - allowing four independent games - The Dishwasher: Dead Samurai, Yo Ho Kablammo, Blazing Birds and Gravitron Ultra to be published on the Xbox Live Arcade. If the turnout is as good as last year, we're in for a hell of a competition.

Creators can sign up for the contest at the official website. Go and make yourself a team of between one and seven people, and get cracking!

Source: XNA Development Blog