I take the opportunity to offer my similar view, with a twist: using this short classical time control, I loved the format of WR Chess that I took part in, 16 players, 1 match per day, 4 days. You could easily imagine creating a circuit looking like the ATP tour, with 2-3 different tournaments in a week all around the world, 16-32 players in each. (and could easily envision a few grand slams lasting two weeks, with more players and some matches with 4 games/2 days) Every player from top 100 and more would have more opportunities to take part in those competitions (and closer to their home), and every game played would have something big at stake. Just my 2 cents!