Maybe it would work, if you based it either on 8v8 GvG matches, or 1v1 like Warhammer/Black Citadel did (Although Guild Wars was never meant to facilitate 1v1 matches) ... Forgot the name of what they called it.
Either way I doubt Anet/NCsoft/whoever has the funding to do so, and I doubt many people would buy them.
A pretty fun thing to dream about. :l
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