Hiya,
I've just finished phase one of my new game - Tower Drop Race.
Head to X: 631, Y: 64, Z: 2891 with some friends (from DMW village take train line to Gortex's (see awesome Sonic statue) then take the line to Correns. Come out of portal and take train line to Tower/Ground).
Once there, climb to the top of Corren Tower (you should be able to spot it...) then sleep in a bed and store all your items in a chest.
Easy multiplayer game - make it to the bottom alive. First one down wins (and there's also a bow and some arrows to help you motivate the other people finishing). There's no prize, just the glory of defeating the other people on the server.
Hardcore mode will hopefully be in place in the next few days...
cool ill have a look later :D