New ideas, templates, and tournaments!

I have an idea for a pair tournament. It would be held using the 2x2 Teamwork tournament template. The basis for pairing teams would be the Heroes of Might and Magic rating. Registration should be open to players with a rating of 1600+. Players would register individually, not as teams. Then, based on the rating, half would be seeded players, and half would be unseeded. Pairs would be formed randomly from a seeded + unseeded player. The tournament would be held using the Swiss system, with a certain percentage of players being eliminated after 2-3 games and the pairs being reformed. And when 8 participants remain, the final pairing is formed, and the playoff games are played with a lower and upper bracket. For example: 40 participants register. 20 seeded and 20 unseeded form pairs, and for each round, the team is formed anew. 2-3 rounds are played in the Swiss system, with 3 points for a win, 1 for a draw, and 0 for a loss for each player. Then, the 8 worst players are eliminated. Then, another 2-3 rounds are played, and so on, until 8 players remain. Then, the teams are formed permanently, and the playoffs begin. How interesting is this tournament format in general, or not?