Um, no.
Here you go, from the original press release:
"All proposals must be postmarked no later than June 21, 2002. The panel will then select up to ten entries, who will be requested to submit a ten-page treatment. We will notify those entrants who have been selected for the second stage of the proposal process no later than July 3, 2002.
Please note that the Fantasy Setting Search is available only to individuals eighteen (18) years of age and older. If you are under the age of eighteen (18), your parent or guardian must complete the Idea Submission Agreement, in which case the parent or guardian will take full responsibility for all obligations under the Agreement.
Second-Round Ten (10) Page Treatments
Should your setting be chosen as one of the approximately ten (10) settings Wizards would like to see developed, you will be notified and requested to expand your proposal into a ten (10) page treatment. This treatment must be postmarked no later than July 31, 2002. The ten-page treatments will then be reviewed and a maximum of three entrants will be given the green light to further develop their ideas. You will be notified if your setting is chosen for third-round consideration by August 5, 2002.
Third-Round One Hundred (100) Page Setting Bibles
Should your setting be chosen as one of the approximately three (3) settings Wizards would like to see further expanded, you will be notified and requested to expand your ten-page treatment into a one hundred (100) page setting bible. These entrants will be awarded a one-time development fee of twenty thousand dollars ($20,000). All work submitted at this point shall be the sole property of Wizards and entrants will be required to execute an agreement to that effect with Wizards prior to payment. Ten thousand dollars ($10,000) will be awarded upon execution of a work-for-hire agreement with Wizards. The final ten thousand dollars ($10,000) will be awarded upon actual submission of the 100-page setting bible.
The panel will review those final submissions and select one final Fantasy Setting. A one-time consulting fee of one hundred thousand dollars ($100,000.00) will be awarded to the final entrant. Further, future preferential consideration may be given to the final entrant in assigning development or authorship of game product, novels, and other related material.
"
10 invitiations to submit a 10-page proposal, with the best three being selected (for pay) to create the 100 page Bible, with the grand prize of $100,000 going to the best (single) one.
Edit: S'okay. I made a HUGE reading error with regards to my submission proper, so count yourself lucky it was relatively minor.
Still, since the topic's so popular, it can't hurt having this information up at the top for easy reference anyways.