Now while this is a serious event and really a good cause... I have to take a moment here.
Phil Hellmuth is known as the Bad Boy of Poker. Last year (2004) in the World Series of Poker he was quoted as saying, "Well, I guess if luck wasn't involved, I'd win every one."
So... while I salute Ultimate Bet's desire to raise money for the relief efforts... You have to understand there is something fundamentally wrong with the phrase:
"From the goodness of the heart of Phil Hellmuth..."
well...
So, one can assume, if the goal of the tourney is the chance to, well, kill Phil...it's probably a smart plan. (He's apparently a good sport about being such a monumental dickhead, he asked to write the foreword to the Kill Phil book, and did.)