Due to the response I've gotten for this tournament, I'm going to expand it. The format will be generally the same, but there will be an extra round. Full details will come after I know how many people are playing. I'll allow all sign-ups through the the the end of the day (Eastern Time) on December 31, and then get this tourney started in 2011!
...I prefer a man who will burn the flag and then wrap himself in the Constitution to a man who will burn the Constitution and then wrap himself in the flag.
The next two players to join will be in, giving us a tournament of 40 people. Players will be divided into 10 groups of 4, with the format being that of the first post. Winners of those groups will move to round two, which will likely have somewhere between 12-16 people, as there are no tiebreakers in this tournament. I'll create groups based on the number of people who make it (size unknown at this point). Winners of the round two groups will move to the final round.
Summary: Round 1: 40 players, 10 groups of 4. Round 2: ?? players, 3-4 groups of 4-5. Round 3: ?? players, 1 group of ??.