There's a lot of intense discussion going on about the best process for the guilds to take. Many of you are putting a lot of thought into this and that is much appreciated.
However, it's obvious no one is going to come up with something that everyone can agree on, at least not any time soon. So I'm going to have to take the likely unpopular approach and pull rank on all of you. I'm going to go with NAMKCOR's idea:
I'd say that every so often we should have some sort of "press release" in the guilds' main threads for the community to view, but that it shouldn't be required to be a specific type of release. There should be points taken off the final judging for missing press releases. Of course it'd have to be something new and show progress, and it'd have to be somewhat substantial, but it doesn't have to be a specific type of update.
That way we discourage procrastination and allow guilds to set their own goals as they see fit. It also allows guilds to keep big guns secret if they want.
The reason being is that this allows for specific intervals where a condition must be met. Every so often the guild
must make a "press release" or otherwise suffer a penalty. This will help to keep everyone motivated without being too constricting and complex. In addition it lets the community at large see what the guild has planned, without the guilds giving too much information away early and helps to build hype for their project. This also allows guilds to work on their project in a manner most fitting for them.
I feel this option is a good middle-of-the-road approach from what everyone else was suggesting and feel that most of you will accept this as the best approach, as it still allows a lot of freedom while keeping things organized and in line.
Huge thanks go out to modern algebra, grafikal, Zeriab, Falcon and Irock for your discussions on this matter. I would also like to extend an invitation officially for modern algebra to help oversee all this and make sure things are running smoothly.
Feel free to discuss this here, especially if you have questions. We still need specifics set for this method, especially concerning a timeline (we don't even have a timeframe set yet for how long the guilds will have to work).