As first reported on here, there is a very exciting fanart contest going on right now hosted by Arika.* There have been updates since.
More time!
Entrants now have two more weeks (until September 3rd) to turn in their entries.
More prizes!
As provided by Sega,*a couple of PSU branded items will be available for the First and Second Place winners.* Also, more ingame prizes have been revealed as well.* Finally, it appears that the winner can choose to have their art cropped for use in at least one future PSOW avatar.
I hope everyone manages to do their best!
Head here for the full details and to enter.