That is pretty well what I summarised: the epicness and the conclusion, unless there's backstory. Okay, fine, we get some interesting nods towards those characters' abilities, maybe some flavour about the world and the last two years and stuff, but we're getting some of that NOW as well. Maybe the suspense panning out over so many weeks makes you feel like what flavour we get here (like the designs you don't care about, like CoC clashing … ) not feel like it's worth it to you. But read the whole arc in one go, and these will just be a handful of chapters in between those bits you're anticipating the most.
And, I'm sure even if you find most of the tournament not to your taste, there are going to be parts (like maybe Luffy vs Chinjao ... ? Maybe anything actually properly involving Burgess?) which you actually DO want to see. And however dull you may be finding the new characters and the blocks playing out, I'm pretty sure that if most of the tournament was basically skipped and we just got the climactic moments, it would feel pretty hollow and half-baked.
Not to mention that the blocks we've been shown have both shown us somethign worth seeing. Bellamy-Luffy interaction? Showcasing Bartolomeo? Introducing Ricky/Kyros? The clash of Conqueror Haki? On the other hand, A block was literally just Burgess vs fodder and it got skipped.
Maybe you'd suggest that in C block, it should have just been kept to Chinjao. But, at the very least, this chapter we've just had clearly served to, hmm, hype that fight? Or maybe I should say hype Chinjao?
I'm rambling, but basically, as I see it, this tournament is pretty crucial to this arc, not just because it's Doflamingo's trap and Luffy's in it and maybe it'll get interrupted and go crazy, but also because it's setting things up, showing us things and introducing people ready for the rest of the arc. And some of these thigns it would just be ridiculous to pull out of nowhere.
Yes of course there will plot elements relevant in the tournament, I doubt people see it otherwise. My problem wasn't at tournaments in general, I grew loving the Dragon Ball series.. and if you like that series, it's a little difficult to not be a fan of tournaments. My issue as I said before is in execution and how Oda created the tournament. In football (soccer) terms, the best example would of a goalkeeper being caught in no man's land, not right in front of the striker to not give him time or not all the way in the back in case he chips it. So if you can understand my terrible analogy, this is how I feel Oda has handled it. I would have much preferred if he wanted us to care about the characters excluding Rebecca, Chinjao, Barto & Cavendish, that he handled the situation better. He could have given them more screen time to explore the characters, which would have meant tournaments would have been longer. Another option, they could have gotten a brief intro and then out the way they go. Another option which could have worked with what he did, is have them the way he has but also include one of the 8 stories for about 4-6 pages each chapter. If the arc is going to take a while, switch between two storylines so something is always happening. Obviously, I'm in the minority here.
Part of my initial worry was based on guesses. If we are to see these types of fights for example which I'm not exactly jumping with joy over, and the Law vs Doflamingo vs Fujitora fight along with potential future fights of winners A, B, C, D vs DD crew all get interrupted, that for me is a massive disappointment. Regardless, I am interested to see how it unfolds.
And to answer your question, yes I am definitely excited to see Luffy vs Chinjao. I'd imagine like most this is where Luffy's identity will be revealed.