Phase 3 of the 2008 Arena Tournament has begun. According to the official site, teams are now "locked down" and no more registrations for this phase are being accepted:

Registration for the 2008 World of Warcraft Arena Tournament's first qualification round is now closed and Phase 3 of the tournament has begun. Participants have been battling it out on the tournament realms for the past two weeks while fine-tuning their team composition and strategies. Phase 3 of the tournament includes a lockdown of the teams that will be jockeying for position to compete in the regional finals. To track the progress of your team and the competition as a whole, please visit the World of Warcraft Armory. For more information on the tournament, please visit our Arena Tournament information page. Good luck to all competitors!

Any bets? Let us know who you think will capture the gold in this round.