I agree with Bob here. I did the "overview speech" for our team in the 2012 season and once in 2013 and I think it is important to give the judges an insight of what the team is planning. It's not a 5 seconds "Yeah we want to win" comment. We talk about a bit of history, of course our main concept and the goals of the car and afterwards how we want to achieve them.
In those five Design events, I always was approached by one of the judges who used my words as starting point of his questioning or wanted just to hear more about it from me.
I think without it (and with sadly some judges not reading the Design report...), the teams probably need a lot of time to tip the judges in the right direction, especially if their concept is different then the "normal" cars.
In Italy we had special Design Finals this year (all the teams had just 10 or 15 minutes to talk about their car, no questions), I think it's nice to mix things up a bit in Design, challenge the students but in the end, the "regular" Design event from the European events has proven itself to be "fair" at least to some degree.
In the UK 2013, we would have missed the Design Finals (I think they placed us around P13) before the moderators "regulated" the score, so two or three guys (cheers to Pat for saving us there) decide who is making it to the Finals based on "looking at the car" and not really talking about it with the students, this is of course a bit tricky and I agree with Geoff that this "leveling" is a bit of probelamtic but in the end it works I guess.