The Contest 

Shorter climbers may want to stick clipt he first bolt, but taller ones can clip it while still standing on the ramp. Climbing through the crux is thrilling as you're leaving the bolt behind you with a bit of a pump and a fall would result in a good swinger if you've passed the crux. Good sports action for the spectators.

Agree that the first bolt would be a tough clip for shorter folks, but you could also place gear in the flake to protect the start. Quite pumpy, but I didn't find it too sharp or painful.
-Scott

A great pitch that offers a good pump and quite stout for the grade.
I first redpointed the route in Fall, 1988. The first ascent recorded their ascent in a notebook at the Boulder Mountaineer. I remember that they rated the climb 5.11d/12a. I climbed the route numerous times between 1988 & 1993 and have occasionally revisited the route over the years since. Returning to it and comparing it to other Front Range sport climbs, I'd have to call it .12a. I have always felt it deserved that rating. The individual moves aren't that hard, but the continuous nature of the climbing with the crux coming at the end of the hard climbing, before reaching the arete, adds up to a 5.12a pump. Much harder than the nearby "La Boomerang".
As for the number of bolts, there are 6 protection bolts and one piton. The 5th bolt wasn't originally part of the route and is a bolt on "No Contest". This is the bolt on the left side of the arete. Clip it with a long sling & then clip out of once reaching the last bolt, to eliminate rope drag.

It's been 19 years since I did this route, although I remember it being really high quality, in spite of its short length. It climbs much better than it looks. I'm 6', and I don't remember a problem clipping any of the bolts.