Here news directly from the Drunken Coders page:

Only 5 days (give or take) remain to get your game polished and entered. Even if you don’t think your demo has a shot don’t be shy, at worst you will receive some honest feedback and have a better idea on how to approach future competitions.

Thanks to Scott’s recent $100 donation the stakes for the Christmas Compo have risen to nearly $600 in cash prizes.