the thing is tho, dalz, is that the game isn't meant to be 1 on 1, so I'm not sure how you could have a tournament that isn't teaming with a bunch of random people. Maybe I just don't understand what you mean.
It doesn't need to be 1v1 though that is valid, tournies don't need to have individual winners. Team against team works just as well. The Pantheon is great but it doesn't equate to a tournament.
You and I team up with 3 other people. We develop a focused and effective game strategy. We are hot stuff and want to prove it. Currently there is no real way to do that except with custom games. In a real tournament we'd be able to test ourselves against other teams. At the end of the day the best team would be left standing.
The winners of a Pantheon is either Light or Dark and the handful of top players who earned the most favor. Nothing wrong with that, it is fun and you'll see me in there all the time. But it isn't really a show of someone's skill at the game. Mostly its a show of how much game time you can put in.