Microsoft’s annual Dream Build Play competition has begun. Developers are challenged with creating a game using Microsoft XNA Studio. Winners receive the a publishing contract for Xbox Live Arcade, as well as a possible sum of money. A $40,000 prize will go to the grand prize winner, $20K to first prize, $10K to second and $5K to the third prize winner. Previous winners include Dust: An Elysian Tale, The Dishwasher: Dead Samurai and Lumi. Interested developers can apply at the Dream Build Play website.