I certainly enjoyed watching, other than the audio issues that have been brought up already.
In terms of “What I might hope for, given the reality of there being two championship-winning alliances”:
When Festival of Champions was first announced, there was a bit of discussion here that all that was said was that the teams “would meet in competition”, and some wild speculation that this might mean a competition other than that year’s regular FRC game. While I think playing Steamworks matches was awesome (though really so much is going on at that level I could barely keep track of what was happening), having some other technical “competitions” for the teams could be fun too.
Imagine some sort of new challenge, where teams have a day to build something (on FTC-scale, likely) to play some new game. It could even tie into that year’s theme (maybe actually running the airship race that they’ve been “preparing for” in all the matches throughout the season?) Maybe something Junkyard Wars style, with “here’s a bunch of parts, accomplish X objective”? Or one of those classic engineering games like building a board out of aluminum foil or building a bridge from toothpicks? Maybe other fun mini-games of various sorts, testing human player skills or trivia or spoofing “classic” game shows like Battlecry’s festivities include? Maybe have some sort of total points over all the events to determine who wins the “Festival”? Or maybe something American Gladiators style, where the initial games (perhaps including the main FRC matches) provide some sort of point or time advantage for the “final challenge”?
I guess I’m saying, that if the point is to celebrate the winners, having them hang out at Dean’s house is pretty neat, but hard to involve the rest of the community in. If the point is “an exhibition of great teams”, there’s a lot that could be done that’d both be fun for them to do and fun for others to watch beyond “just” playing more “regular” matches. It could be easier to include Chairman’s winners too, as well as the “4th teams” that might not get a “play with a robot” otherwise.