EVO Online Tournament

SRK's big announcement was... an Online SSF4 Tournament in December. The winner gets free airfare and hotel accomodations for EVO 2011! It'll be held on Xbox LIVE only. Will an unknown from some remote part of the country prove himself in a national competition? How will cross-country matches work as far as lag is concerned? Is this even a good idea? I guess we'll find out in December.