Should I go ahead with the 'Best movie of the 1990s' tournament?

Made a similar thread before...I could see there was some interest in it...should I go ahead with it and prepare a list of entrants....I am thinking 48 entrants would be good...that way we can have 16 matches of 3 entrants each....with 16 movies battling in the Knockout round where its 1 v 1...