Tournaments are awesome so I approve of that suggestion. Would be a great way to promote the division if they play it out on RAW and Smackdown for a month or two with the final occuring at SummerSlam to make it even more important. Nice way to promote a team or two from FCW and a nice way to create a couple of new teams.
Current teams are:
The Usos
Epico & Primo
Primetime Players
Curt Hawkins & Tyler Reks
Tyson Kidd & Justin Gabriel
Hunico & Camacho
Plus possibly Swaggler
Only two more teams needed so they could throw together two guys like Trent Baretta & Yoshi Tatsu and then promote the FCW tag team champions Jake Carter (Vader's son) & Corey Graves AKA Sterling James Kennan.