i would consider a lower entry fee a reward for anyone who is its recipient. YMMV
It appeals to me, thats why i created it. They may not jump out of the woodwork just yet, but i suspect plenty of people want to play with people who are at their level. Entire novice leagues exist because people want to play with others at their skill level, why should it be any different for advanced or elite players?
They wouldnt, hence why my tournament would be labeled exclusionary.
It could happen, saying it wouldnt is just wishful thinking.