Right.
Now please tell us what you think would be any better than teams and matches from the Electronic Sports League.
If you don't actually know anything better I suggest that you make thhat "cash reward tourney" where everybody attends.
Thoughtful analysis of gameplay and trends? On WoW developers can watch the top players fight each other hundreds of times as well as see what average players are doing too. The tournaments themselves really aren't that insigthful compared to the large amount of data generated every single day.
You yourself said you want to see QoT buffed, how exactly is that going to happen if she's not even featured in a tournament? It's a shot in the dark, maybe they'll increase her HP, maybe they'll increase the damage of uproot or buff compost, but you're not especially likely to see anything intuitive or thoughtful if she's buffed solely because of a tournament in which she wasn't even played.
As SoFFacet said the only real balancing you'll see come out of tournaments is nerfs to the competitors, not buffs to the guys on the sidelines.