Yup, I participate every year (2008 was my first). The best part of it all is the community (sound familiar?) -- It is just great fun. I tend to get 3-5 songs every year that are keepers as is or are keepers after some post-FAWM editing.

Here's one of my favorites from last fawm: I Must be A Ghost . It was written as a one hour skirmish. You are given a title and you write and record a song in one hour -- so, of course some boo-boos are in there. I have added another verse post fawm to make it more performable as a single guitar/vocal at open mics (but I haven't re-recorded it yet).

... and yes, I do use BIAB on a few tunes every year, too.

Now at bandcamp: Crows Say Vee-Eh @ bandcamp or soundcloud: Kevin @ soundcloud