Are you participating in Cake vs Pie?

This event is actually one of the biggest let downs ever. Not only is it borked, but it's also poorly designed this year. For starters, the rewards seem to have a very high input value to receive the prizes. As if that wasn't bad enough, the prizes aren't really that great, in my opinion anyway. Then there's the spam. God damn, the spam. Why would you spam the notice so badly? Is there even a point in doing this? This entire event seems poorly designed and not worth doing. Especially how over hyped it is.

How about you guys? Are you participating?