I'm sure the tournament mode will gonna save us all, if it gives us the freedom to set up everything similar to how MK8 did it, we all be playing in the neogaf tournaments exclusively. Do we have any idea when the tournament mode is coming out?
Well, there's two tournament modes coming.
Standard Tournament Mode which has been in previous Smash games.
And what they call "Tourneys", which is basically MK7's Community feature but they renamed it in MK8 to "tournaments" for god knows why and Smash calls it Tourney. Tourney will absolutely be as flexible as friends matches most likely. Set up 2v2 rooms with friendly fire on and stocks
should be possible, for example, if they aren't dumb.
We have no idea when they are being patched in, though. My guess is sometime before Mewtwo, so anywhere from January to February. They likely want to roll it out with the Miiverse stage as well.