At first glance this seems like a good challenge. However, keep in mind that in this contest the software provides all the tools needed to fulfill the contest requirements. The participants won't have to do any actual modeling or morphing in a modelling program or texture creating in an image editing application if I've read it correctly. "Freely manipulate shapes, adjust age, skin, attire, and fabrics on the fly"

To make it as close as possible to this one would need to limit themselves to the Poser figures that are compatible with the Face Room and can be manipulated that way. I don't think details can be added to textures within Poser using only the software itself so that would not be the same. With people buying morph packs and textures or merchant resources to create a character the contest would not be the same.

I would like to see diverse characters created in Poser, though. A few years ago Renderosity had a contest for Miss Renderosity which was something like that as people had to create their own contestant but that was limited to "beauty queens". What about having separate challenges for children, teens, middle-aged and old characters as well as fantasy/mythological characters? The rules, of course, would have to allow for resources to be used but not ready-made, store bought or free characters.