Wizards of the Coast is having an open search for a new fantasy setting: http://www.wizards.com/dnd/article.asp?x=dnd/dx20020606a
(If that link doesn’t work, you can find it by going to Wizard’s main page www.wizards.com)
The audition is in four stages, with the first stage, a one-page proposal, open to everyone. The third stage pays a fee of $20,000 and the fourth pays $100,000 (all rights go to WotC by stage three). The one whose setting is chosen will probably also be given preferential consideration on any future works in that setting.
Postmark date is tomorrow! Good luck to anyone who enters.