"With an average of 2794 Elo points (according to the September 13 rating list) this is going to be the strongest tournament in chess history"
Almost, Sinquefield Cup had an average rating of 2797.
Zurich Chess Challenge 2014
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The «Zurich Chess Challenge 2014» will be the first encounter between the newly crowned World Champion, Norway’s Magnus Carlsen, and the former title holder, India’s Viswanathan Anand after their recent match in Chennai. From Wednesday, 29 January to Tuesday, 4 February 2014, they will compete in the 3rd Zurich Chess Challenge along with four other great chess stars Levon Aronian (Arm), Hikaru Nakamura (USA), Fabiano Caruana (It) and Boris Gelfand (Isr). With an average of 2794 Elo points (according to the September 13 rating list) this is going to be the strongest tournament in chess history.
[...]
The first Zurich Chess Challenge in 2012 was a match between Kramnik and Aronian. The second event in 2013 was a double-round robin with Kramnik, Anand, Caruana and Gelfand.
For the 2014 edition, a blitz tournament will determine the color distribution. A round-robin tournament of five rounds with a classical time control is then followed by a rapid tournament with colors reversed on the last day of play. A won game in the classical tournament counts 2 points, a draw 1 point. Wins in the rapid tournament count 1 point and draws half a point.
All games will be commented by Yannick Pelletier and Werner Hug and broadcast live via Internet.
From zurich.cc.com