A typeface design competition held in Peking(would it be more appropriate to say Beijing?) in October, if I am correct. Of course the competitiors did not have to re-design the whole set of characters (ahaha) but only a set 46 used in this poem(?).
It is quite awesome and crazy, although some of there fonts are absolutely impossible to read. I wonder whether people who can actually read Chinese would have less trouble recognising the characters in some of these examples?
The images link to a whole flickr gallery of submissions, as far as I know they are all taken by Hellgus.