Every week and every month we can play tiered tournaments. This is the one exception as it is a "Major". As such open to all but he same conditions apply.
Like you I have no chance of competing but does this ruin the fun? Nope, well not for me. Last year I was still using starters equipment trying to play Olympic - did it stop me, hell no (best was only a 75).
I suppose the only thing I don't like is it is unlimited play - not a single play which makes economic sense for WGT but will reward the players who try constantly.