Hoffy, even if you got it then, you would not be tournament ready. It would take a while to get used to all the characters when you get the game, and even then, lag issues would possibly make it too much of a problem to handle. Blame Nintendo and their release schedule, but in all honesty, providing for all of what you want would be a too tall order. I am also going on vacation during the European release and some users here have summer classes.
Also, with other events on ZFGC planned or at least discussed, a set period of time had to be allotted, and this is what was went with. I figured that the Character Competition if it were happening would be later around the time possibly that you are mentioning, and it would not work out for both events so much if they happened near each other.