To be completely honest, I wouldn't like the idea
I like games that are fun, that provide numerous options and numerous paths of advancement towards a set goal, and are good means to waste some time while getting an aesthetic and mind-challenging (tactics, exploration, etc.) pleasure from them. I am by no means obsessed by PvP, and I was never good at PvP games (although I did play Lineage II for a few years) because I don't feel like proving myself to anyone in front of the PC, and for that reason, I do not play a game to show that I'm better than the rest, just to find out everything about it. I find online PvP a little impersonal... I like other PvP options - soccer, chess, martial arts, running, hiking and table tennis
However, I will completely support anyone who wants to make a tournament. People here on the forum are great, most of them have vast knowledge of the game and have proven that over and over