Okay everyone, I've reached some conclusions for myself personally and I'm hoping others may resonate similar ideas.
I would have liked EVO to be a staple for the Smash community similar to what MLG was. They picked up Smash, after all, because of the strength of the community here at Smashboards. It seemed only logical that they would cater the rules toward the competitive standard and not something contrived on SRK. This is where my problem was, and why it was upseting.
Instead of viewing this as EVO taking in the Smash community, just look at it in the same light as the Nintendo or Gamestop tournaments. No one complained about the rules for those events because we made the assumption they had no idea what they were doing and that they were catering toward a larger crowd, not the competitive players. I could be entirely possible that EVO is attempting the same thing. Regardless though, Kirbster pointed out we should let the free-market do the work for us. If you like the rules and the tournament, go, if you don't, don't go. At this point in time, I'm ceasing my debate on this topic and I hope many of you do the same, it simply draws out the worst from people on both sides, and doesn't help at all considering it looks like the position on items simply will not be budged.
If you mirror these sentiments, and want the debate simply to die because things won't go anywhere, and you simply want the free market to take affect, then simply ignore this thread and others like it, it is what I'll be doing.