Del made a comment on the first page that resonates with me. I haven't read all the comments either so sorry if it's been beat to death. Limiting the contest to subscribers is counter productive to the magazine. There are so many good bowyers, so many good bows, so many people that want to enter but don't want to be obligated to subscribe. I think it would benefit the magazine and forum ten-fold to have a new bow style from a new bowyer and a new story/method every month.
As far as the competitive/difficult odds part, as in very experience bowyers vs new bowyers, I don't think that should matter or spark discouragement at all. Maybe it's just my personality type, but I don't get embarrassed or ashamed whatsoever. If my work is not winning material, oh well!! Gives me encouragement to try again. If another bowyer wins, I'd just want to admire and compliment their work. Not a moment of sleep lost.
I am exclusicely dedicated to this site. I don't use any other archery or primitive sites. I try to contribute as much as I can by actively posting bows, jigs, arrows, trades, comments, and compliments... But with that said, I don't want to feel obligated to subscribe to the magazine to enter BOM even though I'd love to participate.
I don't think the vises comments apply to everyone. I'm extremely disciplined with my "vises" and live my life on a very calculated budget so I can retire young and happy. No beer other than special occasions, no smokes, no internet in my home (other than phone), no magazines, no mainstream TV. I account for every penny spent, not out of starvation, but as a business owner, entrepreneur, and hopefully-young-retiree. What small amount I do allow for "fun money" is spent keeping my hobby alive. I'd rather watch from afar.