Yes! I'd prefer G30 or longer, but I'd do 5 minutes.
Petition For Live Chess Tournaments (Sign Here!)
Yeah, I think this would be a great idea. I would like to see flexible time controls, because most people who play live like blitz and I prefer slow/long.
Getting everyone online at the same time shouldn't be a problem. Make it a one session thing, short time controls, and if you quit, you're disqualified. Simple as that. With ~ 5000 live it should be possible to run a few tournaments no problem. Anyway, I'm in favour.

+1