Hi I'm Dave, i am currently in my last year of a screenwriting degree as a "mature" student. Made a short film for a module this year and loved it, I really enjoyed going from script to screen.
Yea, I have heard of it, it's one of the best I have been told. I've not entered it but I do have an entry in the Bluecat Screenplay competition, won't get my hopes up though.Welcome and good luck obviously too!
Since you're doing screenwriting, I'm sure you're already aware of the Nicholl Fellowship in Screenwriting run by the Oscar folks.
If not, check it out:
http://www.oscars.org/awards/nicholl/