It is the best beginner CTF I have ever seen in my life, and I've been CTF'ing for 9 years.
Incidentally, if anyone here finds that they really like this stuff, my team (Samurai) is all about teaching those who want to learn. Email me at borski@tinfoilsecurity.com :)
(It was from PicoCTF that I went from knowing nearly nothing about security to qualifying for a competition in New York to qualifying for a competition in Korea to obtaining an internship in a computer security lab -- thanks once again, CMU! Even if I'm working at your rivals now...)
Most of the VM's link to the creators' website / blog, which is a good way to find more information and resources as well, as they tend to be active security researchers.