I tried out the tournament feature for the first time last night and it wasn't really what I expected. There was no ladder, no indication of where in the tournament you are or what the context of the "tournament" is.
The tournament had 17 people at the time. I won 5 matches, but was still prompted to search for the next battle. Really, I don't see any difference between this and a random match.
Can anyone fill me in on the difference between the two?