http://www.youtube.com/watch?v=IbunuekV3lQ

http://ja.twitch.tv/godsgarden

Capcom X Godsgarden Japan East vs West Battle starts in about 40 mins.

Basic rules are each team of six is led by a captain.  Each captain selects a team member to fight.  Once a team member takes two losses, that team member is eliminated.  A winning team member can't be used in successive matches unless there's no one left to play instead.  In addition to losses, the captain may spend one of his two lives to void a matchup.  If a matchup is voided, the opposing team's elected member cannot fight in the next match.

In addition to the six team members, each team also has a Joker, a player known only to the team captain.  The Joker only has one life, but cannot be voided, and doesn't need to be revealed until the Joker is brought in to play.  The Joker may indeed be the Captain.

Team West	Team East
Umezono (Yang / ?)	KSK (Dudley / ?)
Haitani (Makoto / T Hawk)	Kazunoko (Yun / Yang)
eLive|RF (Sagat / Fei Long)	Fuudo (Fei Long / Ryu)
Uryo (Sakura / C Viper)	Itabashi (Zangief / T Hawk)
-6 (Akuma / Cammy)	Nekojita (Abel / Dan)
TH|Sakonoko (Ibuki / Yang)	Kyabetsu (C Viper / Makoto)
Momochi (Cody)	JOKER

Also, IFC Yipes is hosting an East Coast invitational tournament dubbed "The Curly Mustache Tournament Series". The first of which goes down this weekend. Info added to OP.

notkbf: Catherine isn't a joke anymore

pastryfuntube: i hear that Catherine 2 will have a gem system

http://www.twitch.tv/finestko

Dromstruction revolutionizing the fighting game scene right here.  World first sponsored Catherine major starting right now.