From the Mars Society University Rover Challenge site:
CONGRATULATIONS TO THE UNIVERSITY OF NEVADA, RENO, WINNER OF THE 2007 UNIVERSITY ROVER CHALLENGE!
Here's a photo provided by the Mars Society URC site of the Mars Desert Research Station and the Challenge. Here's another of the winner at work.
Here's more on the results.
Update: I also ran across an article at the Salt Lake Tribune that covers the BYU Rover entry. There are a couple more photos of the entry on the right. Note that the cash investment in this rover was $7,000 (to say nothing of the time), and the cash prize for the winner (among other benenfits to the winner) was $5,000. The BYU Team (or those not graduating) plans to be in the challenge next year.