At the presentation ceremony, they played a short video clip, in which the Secretary of Defense said the following:
"Your work proves what industry and the military can accomplish together. And it reminds us that new platforms can be developed, built, and deployed in a short period of time – and the best solution isn’t always the fanciest or the most expensive."
It's from a speech he gave on 31 Aug 09, and it's just about a perfect summary of the FIST concept. The MC-12 came together very quickly, inexpensively - and used proven, mature technologies that were put together in an interesting way to create something that's more than the sum of its parts.
I think it's cool the AF did this. I think it's doubly-cool the AF rewarded the team behind it. Hopefully other projects will take note that, in the words of Sec Gates, "the best solution isn't always the fanciest or the most expensive."