"DeveloperAuction.com is currently open only to employees of Facebook, Apple, Twitter, Zynga, and Google as well as Stanford & MIT graduates." [http://developerauction.com/for_developers]
We're actually accepting a broader base of applicants than our site suggests, we're vetting every application manually, so if you've got some impressive stuff to show to us (and potential employers), go ahead and register.
Employers & education history are only rudimentary filters for the time being, and only part of our vetting process.
How long does the vetting process usually take? (My profile has been waiting for approval for some time now and I haven't received an email saying I was accepted or rejected.)
It doesn't stop anyone from creating a profile though.
It's still weird, it looks more like an attempt to snatch talent from some of the highest paying employers.
Meh.