Actually, I really like the idea of cup/tournament, just for the fact it could give us a march show. Where we can't have a typical PWG show, guys like LTP/Goodtime/Bonham/Gatson/Cutlers/Malachi etc. aren't booked for any ROH or DGUSA shows(at least to my knowledge) you could throw in guys like Lost and Scorpio Sky to add in a bit of drawing power. Now it would most likely be the weakest show every year, and not sure another tourney 3 shows after BOLA is great booking, but it give us PWG fans something to look forward to in March (I won't be in Arizona, and have become too indy to really care about Wrestlemania at all). The local talent probably comes a lot cheaper than the main guys, so where numbers would be down in fans and DVD sales, so would the rates to fly people in a pay the workers. Plus PWG could bring in all the local guys some of you talk about, and us fans not in the LA area haven't had to opportunity to see to see if they can get over on a one night only thing.
Now obviously you couldn't do a 16 man tournament, but maybe you have a 6 man tag (example: Bonham/Gatson/Sky vs Lost/Malachi/Taylor) where the winning team moves on to the main event for a triple threat match, and have a tag team match (example: LTP/Goodtime vs Cutlers) and the eventual winners get a respective PWG World or Tag Title shot at the next show. Then you could fill the rest of the card with Lerae vs Von Eerie, and other local competitors. So yeah a relatively weak card, I'm sure you could book a couple big name guys that won't be at the shows that I'm not sure if they work those days or not (like London doesn't work ROH or DG to my knowledge). to fill out the card a bit better than what I've thrown out there. Guys like Los Lucas also come to mind. The title shots would give a very fresh feel to the title scene, and where we know a guy like Gatson won't beat Davey, PWG could instantly put him over, and the cards have been so stacked lately, PWG could afford to give some kids a title shot one show a year. If you wanted you could even throw in Hero's rematch and make it triple threat.
So March show: Smaller Venue, smaller ticket prices, smaller names, same great PWG fun? It may be possible.