Bjorn & Company,
Here is the fundamental flaw with your tourney-based approach... By having so many of them all the time you rob them of their luster. Too much of anything is a problem, even the best things in life.
Don't get me wrong, I love MMA tournaments. Love them! From the original UFC one-nighters to the Pride GP wars, even the failed Strikeforce HW gauntlet. But you have so many tourneys that they become a blur with nothing special about them at all. There is no build up for the fighters to get in. Most of them are just names, especially to casual fans.
One tourney per year per weight class (or even one ever other year per weight class) would do you and us much better. It would allow your champions to fight more regularly. It would allow you to build up the names of the fighters who enter each tournament. And it would create a much more exciting atmosphere and aura about who gets into each tournament.
You have a chance to make a real dent in the MMA landscape, but first you need to realize that less is more when it comes to your tournaments. Don't let a stubborn approach to "earning" your title shots become your hubris.