Reasons it's good to be a Google-Reject:

1. summerofrejects.pbwiki.com !
2. You don't have to wrestle with obscure and absurd IRS income tax regulations.
3. After getting your rejection mail, you know you're not bound to any single project during the whole summer.
4. You dont have to rush through your project due to some deadline and produce crappy code.
5. Team work is allowed on your personal project. You can accept contributions from others before September. If your project is too ambitious for two months you can keep working on it after September; no deadline on the "deliverables".
6. You can display a RejectLogo on your project page.
7. You are the boss of your own project. You can implement new features which you think you can handle.
8. If there's a better project than yours, it must have been really revolutionary and it's going to change the world for the better!
9. You can better enjoy the comics and conspiracy theories as posted on the group. It is always better to be the subject of the joke.
10. You can find more people with similiar projects and combine your efforts!