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The First Round will consist of a bunch of matches that are 1on1 and the ones left standing can move on to Round Two the Team Battle Royal... CIS and PIS is off and no BFR. Telepathy is Disabled except for the Dr Strange/Emma Frost Battle and in the Spider-Man/Psylocke fight Psylocke can only use her TP in defense...
FIGHT!

Round One: Arena: Utopia.
Captian America VS Cyclops.
IronMan VS Danger.
Thor VS Unstoppable Colossus.
Rulk VS Namor.
Spider-Man VS Psylocke.
Spider-Woman VS Magneto.
Hawkeye VS Dani Moonstar.
Dr Strange VS Emma Frost.
Ms Marvel VS Storm.
The Thing VS Rockslide.
Scarlet Witch VS Hope Summers.
The Sentry VS Legion.
Hulk VS Phoenix Rachel Summers.
Nova VS Shaman X-Man.
Quicksilver VS Northstar.

Round Two: Arena: Avengers Mansion.

Avengers:

VS

Uncanny X-Men:

Round One: Arena: Utopia.
Captian America VS Cyclops. =Cyclops w/o pis
IronMan VS Danger.=danger (shiar tech greater then human) unless tony has a new suit. dont know how he kills danger. tony's suit got hacked in the latest avengers comic by aim or hydra...
Thor VS Unstoppable Colossus.=thor by bfr w/o bf have no idea. We still dont know what can k.o. Colossus. thor can hurt him for sure like kuurth but he can heal.
Rulk VS Namor.=rulk majority namor in water overall rulk.
Spider-Man VS Psylocke.= betsy w/ tp. w/o tp not sure about betsy current tk powers
Spider-Woman VS Magneto.=mags
Hawkeye VS Dani Moonstar.=hawkeye
Dr Strange VS Emma Frost.=strange through bfr current strange is a lot weaker though. how are his tp defenses? probably still go with strange though...
Ms Marvel VS Storm.=ms marvel
The Thing VS Rockslide.=thing. but rockslide can just keep reforming...not sure. classic Colossus has knocked out rockslide though
Scarlet Witch VS Hope Summers. hope lacks feats. so il go with wanda but i am really not sure about this too
The Sentry VS Legion.= Legion
Hulk VS Phoenix Rachel Summers.=PF > gamma energy
Nova VS Shaman X-Man.= not sure
Quicksilver VS Northstar. =northstar speed plus flight

Round Two: Arena: Avengers Mansion.

boils down to wanda vs hope, rachel and legion. im going with hope and legion. im open to wanda winning to though..hom wanda has better feats then dark phoenix for me. but you have a universal threat in legion and rachel plus hope who is supposed to counter wanda..so x-men win.