I had the opportunity to playtest DXV's Gauntlet of Fools at GenCon.
Gauntlet of Fools can easily and wholly be described: It's like the second half of Galaxy Trucker, the part where you let the cruel universe attack your ship and everything goes to hell. It is silly and funny and the joy comes from watching your plans, and your unfortunate companions', fall apart.
For every player, you deal a character and a weapon, which are paired (no mixing and matching). Defense and special abilities are built into the character; offense and other special abilities are on the weapon. The characters and weapons are wildly unbalanced, of course. The bidding the trickiest part of the game--you can steal a character someone else wanted if you are willing to make more "boasts" (handicaps of various forms) than they were. Most special powers of both characters and weapons are limited-use per game to 2-4 uses or so.
Once everyone has a character, they all go through the dungeon. As far as I can tell, the interaction from this point is 2% watching your opponents to see what sort of chances you might need to take with your limited resources and 98% laughing at your opponents when they fail to kill monsters and get hurt. You have to roll dice to kill monsters and sometimes you will roll stupidly low while your undeserving opponents roll high. The encounter deck is tuned so that sooner or later you will need to spend your limited resources to not take damage and eventually the cruel world will get through and you will killed. So you'll need to bring a sense of gallows humor to the game.
I went right back to the hotel after playing and backed the Kickstarter, because the game will work for me and my groups; is fun and silly and will not overstay its welcome. If your group enjoys adult beverages, those will definitely enhance the fun. It may lend itself to amusing and interesting simulations, since I know there are a bunch of folks here who like those and it will probably be reasonably tractable, but I wouldn't count on
www.gauntletoffoolsstrategy.com to make its debut anytime soon.