King of the Ring in competitive play?

This is something that's actually been on my mind for some time and I was wondering how anyone else felt about it. I feel like this might be the only gametype that actually has a chance to be played competitively, although this is just my opinion.

What do you think?

I really can't see it going any further than a fun event some TO wants to do. It might happen, sometimes.

I can only see it as a more casual game mode, but that doesn't mean it could happen!