Do it. I'd love to watch some sm4sh.
http://www.twitch.tv/Jaaahsh
http://www.twitch.tv/mnsmash/
According to the TO, the first URL (with Jaaahsh) will have Smash 4, while the second URL will have Melee and the top 8 for PM. I'm entered in Melee singles [don't expect to do very well], PM singles [hoping to do well], Smash 4 singles [hoping to do well], and Smash 4 and PM doubles [I honestly don't know about my teammate, if I were with someone I'd planned to be with I think we'd do well but things got scrambled around so we'll see].
Melee and Smash 4 doubles start at 10:30 and PM doubles starts at 11:30. Singles events start within a half hour after the end of the doubles events.
You can obviously watch [or not watch] whenever you want, but I'm providing start times just in case.
As a heads-up, our best Smash 4 players are GanonTheBeast [Ganondorf main], Triple R [Kirby main], Sinnyboo242 (or sometimes just Sin) [Sheik main], Shinjoebi [Roy main], Neomadgic [Ness main], and Prince Kirby [another Kirby main]. We have some solid players as well obviously, and we have some out-of-state people as well [if I am reading the list of people who state they're going correctly, we'll have JJRockets and Inui coming as well], but those are some of MN's best Smash 4 people.
EDIT: Also, for this tournament, because at one time my dad was suggesting new tags and I laughed enough to put it in the pre-registration form, I'm entered as "Thor Gon Jinn", although I normally just enter most events as "Thor".