It might be good, might not be. I need to think about my opinion and I'll post something later. In the meantime, feel free to leave comments.
My initial thought is to say that $200 and 200 players is just a huge gamble, esp if there is no cash payoff and only 8 players any of the prizes. Then again, it is probably one of the coolest methods of charitable giving I have seen in some time and if you do get lucky the prizes are fairly substantial.
Random thoughts from a lawyer, an accountant, a commodities trader, an ex-Marine and a WSOP Main Event money finisher that don't know as much as they wish they did...