I love how they put Cloud, Sephiroth, Link, and Solid Snake each in different brackets to begin with. If they had put all four in the same bracket in the first place, it would have been pretty awesome!
But yeah I thought that character battle was a completely awesome idea when I first saw it -- until I realized that FFVII and Zelda fanboys make it a point to turn it from a funny novelty into some handjobbing SONY VERSUS NINTENDO popularity contest.