Oh, I''ve just noticed a problem with the rules. It might be difficult to actually eliminate a character, since there will always be one person keeping them in. It would make things go on for a looongg time (imagine the last two...).
So we could say that after a certain number of points-changing posts (by that I mean posts where members add or subtract points to or from a certain character or characters, say 20 of them), the five characters with the least points are eliminated. This would get through the list faster (afterwards we could even have themed lists: ones of only elves, ones of men, dwarves, evil people, Valar and Maiar, etc.).
So many possiblities! Anyway, Surivan, consider my proposition.
EDIT: Did you give the WK four points? And I think you should make a new list-post with every few points-changing posts (instead of just editing that first one), so that people can keep a track of things.