Con: There will be much less inspiration.
Students will have ready access to the solutions to the problem - all they need to do is look at 67, 233, 111, 71, 217/229, 997 and they will know what some great solutions are. Their brains won't hurt cause they didn't need to use them. There will be no transition from "this is impossible!" in week1 to "I know five ways to do this and four of them are easy" in week6. They will miss out on the magic of creating something from nothing.
You could keep the same acronym, but to me, For Information and Replication of Science and Technology just doesn't cut it.
I hope they keep you locked up Lucien
Maybe just a couple minutes a day to allow you to throw in a new YMTC now and then.....
I was lucky to meet a couple of your teammates in Atlanta, but was not lucky enough to meet you - I hope to some day.
Ken