From 1up website:
BioShock (Xbox 360)
Also On: PC
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ESRB Rating: Rating Pending
Genre: Shooter
Publisher: 2K Games
Developer: Irrational Games
According to various other sources, there is supposed to be some character development à la System Shock 2.
I find this contest a very positive effort, if they use the players' suggestions to improve quests i.e. add ways to complete them. But the first example about hacking a bot in the same time it takes to shoot a bullet in combat sounds a bit far-fetched.