I am seriously thinking of entering one of these soon, because I have created a plan to implement if I get lucky early and get some chips...But I think the best part about these tournaments is just being a spectator...It's like watching a 1000 fish in a barrel and dropping a few morsels into the barrel...and watching the chaos ensue. It's a great way to get a chuckle and relax...until they start stalling of course.
There actually is a strategy to this type of tournament to move on up the payment ladder, but you have to double up a few times first...then it has a chance.
I really will need a enormous win night to waste my money on this type of thing...but it looks like a great way to relax for a little bit...too bad they are all $30+3...I'm too cheap. Even with 1st prize sometimes getting up to $6K or more...Party Poker will find a way to slowly rake all of the money...they excel at it.