SaiMoe 2007

Anime Saimoe Tournament is a festival of anime characters competing their MOE in 2ch. Basically the characters eligible for this tournaments are female characters (including androids, etc.) appeared in the anime which is aired more than 5 episodes or more than half of all episodes, in the OVA which is newly out, in the movie which is shown for the first time, during specific time of year in Japan.

Started in 2002, the previous SaiMoe results:
2002
2003
2004
2005
2006

I only started to follow the SaiMoe update seriously halfway through the tournament in 2006, where Suiseiseki (Rozen Maiden Traumend) won, beating Fate Testarossa (Mahou Shoujo Lyrical Nanoha A's); a repeat of the previous year final (2005) of Rozen Maiden vs Nanoha (Souseiseki vs Takamichi Nanoha).

Now, Saimoe Tournament 2007 has begun a few weeks ago, starting with Preliminary Round and 2nd Preliminary Round, and proceed to the main tournament. The main tournament is divided into 8 group (A-H) where characters whom qualify will battle (meaning, be voted). The table is summarised here

We've seen the appearance of some potential threat from some new series, especially from Lucky Star and Hayate no Gotoku.
As of current, Group A matches, first round has already ended yesterday. First Round of Group B will begin today.

My comment on each group:
Group A: In the end, I can expect a great battle between Shana (Shakugan no Shana) and Nagi (Hayate no Gotoku), lolis voiced by the same seiyuu (Rie Kugimiya), I can't even guess which one of them will advance (chances are, nobody beside's these 2 will be the finalist of group A)

Group B: Eventually, no matter how hard the other candidate tried, I'm quite positive that Konata (Lucky Star) will make it through...Too bad for Nerine and Siesta, having to face Konata in the very first match....

Group C: This is one of the most anticipated group ever. Hinagiku, (Hayate no Gotoku) who's currently having a pretty large fanbase will face 4 very strong Nanoha StrikerS characters (Nanoha, Vita, Vivio, and Subaru). A tough group for Hinagiku...Not to mention the TRAP Jun Watarase is there ^^
Group D: Well well, 3 big names are there: Kagamin (Lucky Star), Rena Ryugu (Higurashi) and Maria (Hayate no Gotoku). A very tempting match, especially for D-11, since Maria and Kagamin will face each other! Too bad actually, I really hope both of them can advance further before meeting each other....
side note: in prelim round, Kagamin got the highest vote (993 votes), beating her closest rival Suiginto (913 votes)

Group E: Hm...Shinku (Rozen Maiden Ouverture), Hamster and Saki (Hayate no Gotoku), Nodoka (Negima), Alyssa and Signum (Nanoha StrikerS), Henrietta (Zero no Tsukaima) and Akira (Lucky Star); all these have potential to advance the first round match, though in the end Shinku might be the eventual winner.
Group F: Things not looking good for Rozen Maiden duo, Suiseiseki and Souseiseki as both of them are in the same group. Not to mention, the biggest threat comes from Tsukasa (Lucky Star) and possibly Seto San (Seto no Hayanome). Others to take note: Miyuki (Lucky Star), Shion (Higurashi), Asuna (Negima).

Group G: No particular favorite here, except for some of my choice: Ayu (Kanon), Hime (Kaibutsu Oujo), Reinforce Zwei (Nanoha StrikeS), Rika and Mion (Higurashi), and Yakumo (School Rumble 2)

Group H: Oh my, just like group C and D, I expect another fierce battle, especially between the 2nd most prelim getter Suiginto (Rozen Maiden Ouverture) and Fate (Nanoha StrikerS). Challenges also may come from Satoko (Higurashi), Louise (Zero no Tsukaima), and Eri (School Rumble 2). What makes thing more interesting is, Suiginto, Satoko, Fate, are all in the same side of group (H1), meaning that only 1 of them can reach finals of Group A, facing possible opponent Louise (or maybe Eri).

Anyway, more infos can be found here

Video previewed Saimoe 2007:

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*note that there are also another SaiMoe held around the world (Korean, Chinese and Germany). The one I primarily follows are Japanese Saimoe, and Korean Saimoe.