The Leeds Music Forum has been debating the various merits (no, me neither) and demerits of Live and Unsigned (and its equally insidious US cousin, Surface Unsigned) for quite some time now.
The thread is here:
http://www.leedsmusicforum.co.uk/vie...hp?f=7&t=25026
Personally, my heart sank when I saw the ad in the December issue of Computer Music. Live and Unsigned is not a music competition; it never has been and never will be. By getting into bed with these charlatans MusicRadar has lost all credibility as a resource for those who care about the art of making music.