This contest is in partnership with Texas Instruments. They are looking for ideas and applications that could make use of their Extended Scan Interface(pg 744) or ESI. One of the biggest markets of the MSP430 is in the flow meter industry where this module is widely used.
The TI-eStore is having sale on many of their kits including the original G2 Launchpad. The MSP-FET debugger is also on sale at 50% off, which is a very good bargain. The debugger is Energy Trace enabled which allows you to debug your code to consume the lowest power possible. The deals run for two weeks or till supplies last.