redesignme

hi, i’ve discovered this crowdsourcing, website, through an adlink on core77.
http://www.redesignme.com/terms_and_conditions/

has anyone submitted a design there ?
what do you think about their conditions ?
if i have read well, when you submit your design your forfeit your rights about it…

I haven’t tried it, but I’ve had my eye on it. An interesting idea.

This reminds me of Quirky but does more than just products…