Single elimination tournaments

I'm not sure if there are or will be any plans for tournaments. If not, here is my suggestion just to get the ball rolling.

By tournaments I mean, elimination - bracket type of competition – separate from the ladder.

They could hold it about 4 times a years. Any guild can enter.

Rounds: each round has a time period, lets say 4 days. A team can enter that round during the time period. They play a randomly selected team. Then it's the best 2 out of 3 of some soft of match (not sure what it would be). Once you lose a round you are out of the tournament. All winners can move on to the next round.

When it gets to the quarter-final perhaps it can become more of a special event.

There are of course many things that need to be worked out, but my question is, is there anything like this already being planned?

Any comments?

I'd like to see tournaments....

You could get fame for winning