My team and myself are in for the first time! We will be participating in the JAM, and are looking forward to it. There are 5 of us participating. We are all college students or recent graduates, and look forward to this experience and challenge. Currently we plan on using:

Flash
Photoshop
Wave Pad Audio Editor
Possibly PyxelEdit

As this is our first time, these may change a little. Again, I look forward to the competition, and the inevitable boon to our overall experience and skills this will provide us as individuals and as a team.