The good news for us is, no ones was working very well. One teams elevator went up, but with more power than they were alloted. From what I have heard, no one else's went up at all.
The bad news for the future of space elevators? See above.
Good experience, certainly, but its sad that they didn't win anything, especially after the hours of effort and thousands of dollars put into it. NASA will probably not give out any prizes at all, considering that none of the teams met the minimum requirements to get the award.
Matthew, Alan.. Valiant effort guys.. I salute you