Contest a la The Voice?

If you haven't seen it, head over to Krista V.'s blog Mother. Write.(Repeat.) and check out the contest rolling out on May 3rd.

150 people will sign up to post their query and first 250 words on their own blogs. The four writers hosting the contest will choose their teams and coach them. The new versions will be posted on the hosting writer's blogs, and voting by 8 agents will ensue. Entries with lots of interest will get requests.

But...the entries must completed, polished and ready to query. Which is where my dilemma comes in. I've sent out my first 50 of Book of Breathings to a few readers and gotten a great response. I'm writing like mad right now, it's just flowing...is it possible to finish it in time to enter this contest, or should I make my revisions to Ways to Fall and submit that?

I think I'm going to give BoB my best shot. At the very least, it will be great motivation to get it done!
Glutton for Punishment?