The contest editorial is available here.
Some jokes are fun only for the first time, repeating them makes them lose their charm. I certainly hope that April Fools Day Contest is not the case, but there's only one way to verify this :-) I'm happy to invite you to take part in the verification process which will take place on Monday April 1st. Let me disprove the suspicions some people have: the joke is the contest contents, not the fact of its existence or the lack of it — that would have been too simple :-)
In this round you'll face several weird problems and 2 hours to solve them. The contest will be unrated (you bet!), and it will follow ACM ICPC rules (no hacks, the standings are decided by the number of solved problems and penalty time earned on them). You can submit solutions in any language allowed by Codeforces. To get an idea of what awaits you, you can have a look at the last year's contest.
Be warned, to enjoy participation in this round you'll need a sense of humor compatible with mine! It's April Fools Day, after all. Good luck!
Upd. Registration is open till the end of the contest.