If I were to tell you that the Philippine Computer Society is organizing a contest in order to find a woman who best embodies the skills and values of the IT industry, then what would you think?
Interesting idea, right? A copy of the application form's over here, and it deserves a good read whether you're male or female, whether you're planning on joining or not. (The link is a copy hosted on Sacha Chua's site, and it may or may not be the most recent version of the application form.)
Sacha figures significantly into this story, but I'm not about to tell you the whole thing. I'd rather have you read things for yourself and make up your own minds afterwards. Sacha's reaction to the contest announcement and application is here, and it's being echoed by various quarters around the Net. But I'd recommend that you look through the contest application form first and see if you can spot the aspect that's causing the controversy.