November's tournament

How should the November tournament be run?

Some people have requested us trying out a pools tournament system at one of our locals. We have more than enough people to do it. But I want the community to give me their input. With the release of Smash 4 right around the corner, November will be the only month we will ever be able to do this. Here are some pros and cons to it.

Note: some of this info will assume a 64 person tournament and 8 pools of 8 people.

Pros:
Everyone is guaranteed to play at least 7 people in sets. That is more than most do in any tournament. Even if they are winning a lot.
It will give people that feeling of a major tournament (where pools are very common).
We can do top 2 or top 3 advance out of each pool. Giving many players better odds of advancing to the top 16 or top 24 person bracket.
People will get to play higher skilled opponents without the fear of being knocked out of the tournament.

Cons:
We would not have an amateurs or pro bracket. It would all be one event. Because....
Time. It will take longer than the standard amateurs tournament. Here are some numbers to show why.
A 64 man bracket will have 126 sets in it. 127 if Grand Finals goes to the final set.
8 pools of 8 people will have a total of 224 sets played. That does not include the final bracket.
Teams would be "if time allows".
No bounty system.

I will be making a poll asking for peoples votes/opinions.
Pools are a lot of fun. Guaranteed number of matches no matter what your win/loss ratio is. A lot of hype and a lot of fun. Please let us know what you think.

Thank you :)