I ran it for a couple years starting in line 2011, and stopped because I got really busy at work. Each year I only got 2-3 entries.
At the time, the feedback I got from most non-participants was "why would anybody want to watch a movie with no budget", even though the entries were all fantastic.
But we've had so many super high budget movies absolutely bombing (a lot of them from DC but whatever) that I feel like maybe the zeitgeist is with me now.