I don't know about a tournament persay, but I would enjoy real hitting in the WWE(Cena vs Brock at Extreme Rules anyone?).
However, who cares? You know what I say to them? The movies you pay to go see and to go buy, are all fake, their all scripted, their all actors, so what makes WWE any worse than a big time action movie? Nothing, if anything, its harder to pull off a WWE show than a movie, and i'll explain why:
-EVERYONE does their own stunts, regardless on how bad they suck, if they suck, they pay the price in the ring.
-EVERYONE has to have acting skills/mic skills to really make it to the top, YOU try talking in the middle of an arena while millions around the world are watching YOU LIVE as your doing it, ain't easy, is it? Specially when you don't get the reactions you want to get.
-EVERYONE has to be athletic in some sort of way, it's like football, it's like basketball, it's a sport, and it's a lot more vicious sport than football, for you football fans out there.
-EVERYONE has to sell it, and that ain't easy, trust me, I tried out wrestling before with this guy who was in a wrestling school, he showed me some stuff, but I couldn't get it down. Making sure you don't fully hit somebody all the time, but make it look like you did, and have the other guy make it look like it hurt, is hard stuff to do, believe that.
-EVERYONE really does get hurt from time to time. If you pull a move wrong, or the guy your facing has a legit problem with you, you could seriously really get injured, and the blood? Yeah, a lot of it is fake, and a lot of it is real, it depends on the situation. Take Steve Austin going into Owens pile driver for example, or Cena's head getting busted open by Brock, it was all real, and it all really hurt I am sure. Or, take any big guy, like Yokozuna, who likes to drop from the top rope onto your body, and crush you, you think that's fake?
-Just think of it as a TV show, a TV show like Breaking Bad, or a TV show like Prison Break, it's just an action TV show, People act to make it interesting, and then they fight, what about it being fake makes it any less interesting? Nothing, I enjoy my fair share of UFC, trust me, but when I want to watch something interesting, that's not a bunch of guys rolling around on the mat throwing punches, and I want to see storylines, and dudes flying off top topes and breaking guys through tables, I watch WWE, who cares if its fake? So are action movies and action tv shows.
-Friends who have been to live events say it's sort of like a circus, so take it as you will. A circus event, an action TV series, whatever, it's fake, but it's fun to watch.