Well, Mayhem, this thought crossed my mind also.. The survival of the arena would be dependant of the amount of people who would appreciate real skill over shoot-em-up.
Like I mentioned earlier, losers in the real arena would still be able to continue their play on the normal arenas and try their luck again against the best of the best.
Staying alive in the real arena would become quite a statussymbol within the community also..
If this arena would come packed with historical matchups and full realism, heck, at least I'd like to try my luck out there..
At least there'd be an alternative to the endless furballing and dweebery of the MA that way.. Any dweeb attempts would be punished severely on this arena.. try to HO, lose momentum - and die at the hands of expert.. Learn ACM and become one of the elite...
Maybe youre right, majority of Aces High community wont have the long-term ambition that's needed to try untill becoming successful in such an arena.
But sure it would be a great place to have a certain duel with some of the best in AH

Right now you end up fighting with novices 80% of the time - and ending up killed in a gangbang. On an arena like this, you could say with pretty much confidence that you were killed by a better pilot

Great way to get your feet back on the ground too, just when you think youre too hotshot for your pants =)