Whats happening with the tournament that ati have gave graphics cards for prizes, it was supposed to start when beta 3 was released. Thats been a while now and nothing has happened, could someone please tell me why or have the dev team decided to have all this hype over a tournament and scrap it and keep the pirzes for themselves. if so it seems a bit crappy

Your confusion here is when it is supposed to start. It was supposed to start when version 3, not beta 3, was released. Version 3 has yet to be released.