It's all just too much. Takes forever,
You nailed it.......IU2Brich.
My WBT.com creation, is this.
I looked at the critical things ALL POOL PLAYERS HATE when in a tournament.
1. Gas $$ to and from event.
2. If your 3 hrs or more away from a 2 event.....$$$$$ ROOM
3. Eating out $$$ Fri$/Sat$/Sun$ They calcutta yah FRIDAY PM, so you HAVE to get a rm at least one night.
4. If you make it to the final 16 for Sunday gonna have to get another....$$$$$ROOM
5. If you lose your first match/losers side. on SUNDAY....your one out of the money. 
6. I played in Denver 96 player event, a mth ago, this EXACT scenario happened.
And the TD video man could not tell you, ever when your next match was up.
I'm currently talking to sponsors, end of year budgets and next yrs budgets are in cue. I workin' on it.
WBT, All players play every session, dbl elimination.
I can have a 100 players more/less/depending on table count, start Sat. at 11 am, and finals are 8pm.
If you get knocked out in the second round, almost 1/4 of the rooms tables open up for rent.
If you make it to the FINAL TABLE of 8 player, where all the cash is paid out, thru the play Sessions, you might have met and now know em by name, at least 10 people you never really knew.
By mid afternoon most all room tables are opening up for the two and outs.
NO LATE NIGHTs
By dinner time 90% of the table are available for rent to gamble or the Sat Night Crowd regulars.
Imagine this. 4 guys jump into car, drive 3 hrs arrive for Sat. only play. Begins at 11.
You all play some stay in, some get knocked out.
One of you 4 make it to the final table/Like World Poker Tour/All the cash.
You still get out of there by 10pm, all four of yah.
Drive home.
You could go to a high entry fee event like this, because your splitting gas 4 ways

. You packed all your food and drinks in a cooler and NONE of you stayed in a HOTEL/too expensive now to a room for the night.
$$$$$$$$$$$$$$$$$$$$$$