Great idea Phaedrus, I think the playoff format sounds an improvement also, as it would keep the pace & pressure on, & prevent possible stall tactics by some waiting to see if others go backwards, then have eased pressure to build roll quickly(ala WSOP's roll races).
Maybe put in use-it-or-lose it clauses, where if others go bust, you don't have but a certain time-window to get to the million, otherwise you only keep 30 % of your existing roll?
The new gambling network may do something like this idea, as it has been mentioned as an idea for them in a previous thread.
Stu Ungar would've been a great contestant.