Olympic Hockey Standings Pool?

I was bored and was thinking of running a March Madness style pool for the Olympics.  There's a couple of ways we can do this:

1)  Everyone submits their 12 team rankings for the preliminary round by Tuesday morning (Feb 16th).  We could award 1 point for each correctly ranked team, 1st to 12th.

Then everyone submits their playoff brackets by the next Tuesday morning (Feb 23rd).  The point values can be increased with each round (qualification=2, quarters=3, semis=4, finals=5+3 for correct score).

2)  Straight up bracket style.  You would submit both parts from above before the tournament begins.  Points can be awarded in the same fashion, more points at each subsequent round.  Pretty much the same thing as above but you have to be 'more right'.

Please indicate your interest, vote on which format you prefer, and make any suggestions that could make this better.

Tournament information from www.iihf.com after the jump...

The 12 teams are divided into three groups in the Preliminary Round:

• At the conclusion of the 18-game Preliminary Round, all 12 teams will be ranked in a joint ranking "D". This ranking will be used for seeding the teams in the Qualification Playoff games and will used for calculating the Final Ranking at the conclusion of the 2010 Olympic Winter Games Men's Tournament.
  
  
• After the Preliminary Round, 1D, 2D, 3D and 4D will receive a bye into the Quarter-finals and will be named as the Home Team for their Quarter-final pairing.
  
  
• The Qualification Playoff games will be played with the following match-ups (Group E):
  • 5D - 12D (Winner will become E1)
  • 6D - 11D (Winner will become E2)
  • 7D - 10D (Winner will become E3)
  • 8D - 9D (Winner will become E4)
    
    
• The four winning teams of the Qualification Playoff games will advance to the Quarter-final Round. The four losing teams of the Qualification Playoff games will be ranked 9 through 12 according to their ranking after the Preliminary Round.
  
  
• The Quarter-final Games will be played with the following match-ups (Group F):
  • 1D - E4 (Winner will become F1)
  • 2D - E3 (Winner will become F2)
  • 3D - E2 (Winner will become F3)
  • 4D - E1 (Winner will become F4)
    
    
• The Semi-Final games will be played with the following match-ups. The home team will be the higher ranked team as determined at the completion of the Preliminary Round (Group D):
  • F1 - F4
  • F2 - F3