Here's some more information (taken from the community's user info) for those of you who are wondering what on earth this is all about:

AN ANIME/MANGA FANDOM CHARACTER TOURNAMENT based on f_march_madness (format used with permission!).

This is a single elimination, competitive animanga fandom wide tournament to determine THE BEST AND THE BRIGHTEST OF ANIME AND MANGA FANDOM.

animetournament will start out with a whopping NINETY-FOUR fandoms. These will be split amongst two prelim voting posts. One character from each fandom will win their poll, and then advance to the next bracket, where they will face a character from another fandom.

Preliminaries: 96 fandoms
First Round: 96 characters
Second Round: 48 characters
Third Round: 24 characters
Semi-finals: 12 characters
Super Six: 6 characters
Final Three: 3 characters

The winner of the final three becomes the 2012 CHAMPION!