That sounds pretty cool, if you can actually attract some good people. If you can get people like Groovy and Bio Brolly (sorry if I mispelled either of those) to join in, or at least other people of their skill level, then it would be good. But having tons of n00bs would not...
Also it's important how the rules are set up and such. What maps are played on, character restrictions, one on one or doubles, perhaps different divisions, melee vs. beams, etc. Lots of stuff to hammer out before people will show much interest.