We found out from our friends at Ovi that a new contest is underway right now, and you could win one of five new Nokia N8 smartphones.

All you need to do is create a new playlist using the Moodagent app, and then share your playlist on Facebook along with the text “moodagent competition.” You also need to enter your details into the competition tab on Moodagent’s Facebook page, so they can notify you if you’re one of the lucky winners. Remember, you will need to “Like” Moodagent on Facebook in order to post those details on their page. (Trust me, you’re going to be hooked on Moodagent – it’s a keeper!)

If you’re not familiar with Moodagent, it used to be called Playlist DJ – we reviewed when it still had that name, and we loved it. The app is so easy to use, and like its new name implies, you can create music playlists that suit your personal mood – simply adjust the sliders in the app, and then it will automatically create a playlist based on your choices. The first four sliders are based on emotions/feelings, and the last one is for the tempo (do you want your music fast or slow). My colleague Pino over at Ovi blog made a playlist that is based on these settings:

Every time you adjust the sliders, the playlist will change to reflect your mood. Cool, right?

This quick video demo will show you how Moodagent works on the Nokia N8:

And, to help you get started with creating your first playlist using Moodagent – if you are in a location that has the Ovi Music service – you can download 10 free songs, too. For those of you that can take advantage of this freebie, you can’t lose.

You have from now until 4 February 2011 to create and submit your Moodagent playlist to the contest. Don’t miss out – share your playlist now!

Complete contest rules are available here and you can learn more about the app from the Moodagent site.

Moodagent is available for download from Ovi Store. There are multiple versions available, depending on your device type:

Free for new Symbian devices, like the Nokia N8 > http://store.ovi.com/content/17257

Free for Nokia Symbian OS, S60 5.0 devices, like the Nokia N97 > http://store.ovi.com/content/60837

Paid for new Symbian devices, like the Nokia N8 > http://store.ovi.com/content/62716

Paid for Nokia Symbian OS, S60 5.0 devices, like the Nokia N97 > http://store.ovi.com/content/55875

If you have a chance, come back and tell us about your playlist using the Comments section below. And good luck in the contest!

Update (25 January 2011): We heard from the developers behind Moodagent that the app is compatible with numerous languages. See the revised list below, and Turkish will be added soon!