If the event would be deported from November 2014, to March 2015, I would definitely understand.
Since last Kong Off 3, there are bigger expectations for the next Kong Off's (we have to agree that the Kong Off 3 was the best in term of scores/prizes/media). We can't go below that, so we need to do something bigger, and if it takes more time, that's fine.
For the prize money, I think it needs to be a lot bigger. To make a video game tournament interesting in the eyes of everybody, it needs to have a big purse. Regular people don't really take seriously a tournament with a 2k prize winner, haha. But if the prize money is 10k, or even 15k, people will definitely take it more seriously.
If we take for example last Super Smash Bros Melee competition, the winner grabbed 5k, 2nd got 3k, and 3rd got 2k. And they had a total prize money of 15k.
I think we need to get Jeff Willms 5k for first position at least.
As for media coverage, we will have to top Kong Off 3, and I hope Richie will succeed at it (won't be an easy task, though). We need to get Emimem!