Ultimate Bracket Challenge - Check out
If you're looking for a place to do your brackets this year, check out Ultimate Bracket Challenge. The best part about this site is that you can really customize your scoring settings. A friend of mine who does statistical analysis for the Houston Rockets runs it and even will pay out $100 to whoever takes the top prize in the namesake pool without requiring a buy-in. The namesake even has some game theory involved if you really want to do well.
He also runs Outside The Hashes, which does sports-related statistical analysis, mostly related to football and basketball. He should have his tournament write-up posted sometime tomorrow morning.
Good luck!