I'm going to participate in it. Last year I tried to write something kafkaesque where a man in a dystopian society is transferred to a surreal mental hospital for a reason unknown to him and he spends the rest of the novel attempting the escape, with it ending much like Kafka's endings with him dying without even getting close to leaving the hospital. After about twenty thousand words in I was disgusted with the whole thing and abandoned it. In retrospect I should have at least saved a copy of it just to look back at it, but I remember most of the important ideas and characters though.

This year I have no idea what I'm going to write about. I have some ideas, but they're really more suited for video game projects. I'll see what I can do.

As for preparation, every day I get a writing prompt and attempt to write something about it. I would post a link to some of my writing, but it's on a private blog and I feel self-conscious about it. Aside from that I just wing it with a minor goal of reaching a certain word amount. I don't really like to plan things out, but I find that oftentimes when writing I subconsciously form a plan in my mind of how I think the story would go anyway.

What I use for my writing set up is text room, which is cool enough for my purposes, and I just upload whatever I write to a private wordpress blog I run.