yes, as indicated by the brackets if your still facing an opponent on it then u still have a match, basically lose two best of X's and ur out, lose 1 and u have 1 more shot through the losers brackets.
Haven't seen my opponent yet, either. Been on most of the day watching MLG and watching the friends list for him to come on. I hope the correct username is posted. I know Kaze has my username messed up on the challonge page, though in the roster that he wrote in the post has my correct ID.
Eoika and I played some good matches. I tried to FE in the second game, but didn't have a lot of practice with it, he played solid and rolled me over. First game was definitely the best of the three. Lots of mistakes for both of us, but we played about even. In the end, a better army composition won it for me. Game 3 was all about timing and macro. Apparently Eoika is still learning Zerg.
Thus, I keep going, even though I feel Eoika is probably the better player. He was good about it though, and I'm sure we'll practice in the future.