Why everyone is so focused on winning an event that is only supposed to have one winner is beyond me...

If you guys seriously want a bracketed system, here are some possible brackets.

Greater than 500 mil power.
100 mil to 499 mil power.
Less than 100 mil power.

Like those? Didn't think so. Any brackets they implement are most likely going to be arbitrary and there will always be losers so stop whining before they go and do something to make CW worse.