As to the first option; At least it isn't Bush. Or real for that matter. I could think of worse situations to be in. Mayan Empire or Caligulus? I think we are doing quite well thank you.
As to the second; That is exactly how I see each new coronet/Crown tournament. A series of succesion wars. We just have to wait six months to make it happen. *shrug*
As for the overall view; yes, it is for the enjoyment, entertainment, and education of the members. If we were not entertained, there is also the civil war group to join. At least then, one would not have to sew up an entirely new costume from a completely differant culture or time period. ;p heh heh.