Started in May 2007, the first entries to the third PSG.MOE competition have arrived. This time PSG composers were challenged to give their PSG interpretation of Zero, a BGM from NamcoBandai's Ace Combat Zero: The Belkan War, a shooter game released on PlayStation 2. 8 composers announced to join the challenge, 3 of whom have released their entry. You can listen to their entries (and those to previous PSG.MOE editions) over here.
Relevant link: PSG.MOE website