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The firm in charge of this campaign, Protagonist, is targeting the the 18-29 age bracket, nicknamed "Millennial" consumers. They're also going after other Dew drinkers, and online gamers.
"To the best of our knowledge, a brand has never given consumers this much control," says a company representative. "We felt that the best way to fully engage consumers would be to give them the power to create a new product." (source)
Pepsi will hype the game mostly through online sources--although the company has prepared a 30-second television spot and outdoor executions to promote "DEWmocracy," according to a company representative.
I can understand wanting to involve your brand loyalists to help drum up some excitement about a new product, but to leave a product's complete development in the hands of the general public? What do you guys think of this approach?