Throwing in my two cents, I'd like to see the contest carried out.
For one, I think it's fair towards the ones that really put thought and efforts into the story, including obeying the rules.
Second, I think it really would be a nice addition to your content and a thrill to at least some of your members, that they could, given the right circumstances, really "score" with you, even if they didn't participate in the contest themselves.
Last but not least, you can still call it off at the end, if no story within the rules gets you going, or even if you meet the winner and find out there's no chemistry between you two.
I can't believe Star is the only one preparing a story either. There HAVE to be more stories coming in.
But in the end, you're the one the contest is about, so we all should play by your rules. (It's just a bit difficult when the rules change in mid game.
)