Gaming for Money, Eh?

Hey everyone, I just found out about a website and thought i'd share it. Not sure if anybody has heard about this but it's called http://www.tournamentfront.com/.
Basically, you go on there, set up tournaments, and you can either set them up just for fun or to win money. All you gotta do is buy credits with a paypal account. Then you enter various tourneys, and if you win, you fill up your bankroll. You can then cash out back into your paypal account.

What does everybody think of this idea? Will video gaming become a new vice? Will they start setting up Xbox360's in Casinos?

I doubt that last one, but it would be pretty funny. post some thoughts in the comments.