Let me give you some stuff to think about. I tried step tourneys to get into the WSOP main event. I actually got to Step 4 (twice), the $500 entry.
Here's what generally happens.
As you progress up the steps, the SNG's become filled with rock gardens. If you're not willing to gamble it up and finish 7th or worse, you'll become just another short stack at a table of them when the blinds make it an all-in fest.
Then it becomes just gambling with any two cards.
If the structure were any better, for example like a Stars SNG, then I'd recommend these things whole heartedly. But as they stand now, my hunch is that you'll find them nearly unbeatable at the higher steps, unless you get really, really lucky.
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