New weekly contest idea, what do you think?

So I’m thinking about starting a new weekly contest in the member contests forum that would be moderated by myself. I would pick a well known song every week and it would be up to the contestants to interpret that song in whatever way they like. Other members will also be able to have a say in the songs chosen through polls.

So what do you think? Good idea or bad idea? Would you participate? And what songs would you like to see as a topic?

Yes, as long as it clearly goes along with the song topic.