Euhm... Since I recently crossed the 1400 border and expect to get beaten tremendously when entering a 1400-1599 tournament, I second this idea and would love to see a related 1300-1499 tournament being started.
Please could we get at least a 1400-1599 one soon. I could enter one but there still aren't any to enter. Please set one up before i go 1 point over the restriction again, i don't want to wait another 3 or 4 months until i can enter one!