I discovered the site through the VGNG compo abour 3 days before it was due to finish and never got to write "Virtua Walrus". I did find the time to do a Bootleg Demake entry but never found the inspiration in the Commonplace Book theme (gz to all the guys who did though). I think the the fulfilling 2 previous criteria would be cool (however tenuously you justify it). I reckon there must be quite a few people who, several months on, have daydreamed what their entry to one of the previous compos would have been.
The late entry idea is so cool. It's the best idea since sliced bread apart from individually packaged, ready buttered, slices of bread.
It would great to have a spot on TIGSource for people to post their late entries.