So back on topic here...
The K.O.T.H. league has over a dozen players now, but the 1.49 K.O.T.H. league has not been overwhelmed by response as of yet. I know it's only been a couple days.
One thing I'd like to point out, for those of you real masochists out there that have Gold and still have the Pre-Gold Version of SEIV, there is nothing stopping you from joining both leagues if you want. The diffence in leagues is only there so that 1.49 only players can participate. In either league you can play either Version if both of you have it. It's just that in the 1.49 league the default Version is 1.49, so you must have at least that, and the Gold league is the opposite.
So technically it's possisible for one person to hold both K.O.T.H. crowns simultaneously. Allthough it's probably a little unlikely.
Geoschmo