I think it's a shame that the submission was blammed.
Even though it might have sucked, all work by a popular artist should be saved so people could view it. I do not mean that as if they should automatically have all their work saved, but it's a way to see their process.
Through saving that submission, even though the movie wasn't good enough for the criterias, everyone would be able to see how someone can fail through being given popularity one does not deserve.
It'd be a good lesson to some, and a way to remember what happend a couple of days ago.