The ongoing efforts of 64 web comic artists to prove they can stick to a schedule has been reported on in the ultimate geek source for news, Slashdot.org (www.slashdot.org).
As Daku posted before, the challenge is for all the cartoonists participating to update their strips at least once every 24 hours. If a single update is missed then that artist is out of the competition. The last cartoonist updating on time at the end gets the pot, which is now up to $1,120.00.
If the cartoonists remain on time this competition could potentially continue for years to come. The point to the whole thing, however, is to promote a more stringent dedication to a stated update schedule. Web comics missing updates and falling behind schedule has been a recurring issue for a lot of readers and I think this public display of dedication is a great way of bringing creators together to address the situation.
Place your bets now.