This is the MLG Columbus semi finals best of 3 series between Losira and Naniwa. Losira is a Korean Code S player and Naniwa is a Swedish progamer. Match 1 of 3, Part 2 of 2.
There is a $14,000 prize pool, spread among the top 8 players. First place will receive $5000, 2nd place $3000, 3rd place $2000 and 4th place $1400. There is a lot of cash money on the line in this bo3, as the winner goes on to the Grand Finals for a chance to win the $5k payday.
Here is a link to a TeamLiquid thread that discusses the complexities of the MLG tournament format. Has nice easy to understand pictures for us lazy ppl:
http://www.teamliquid.net/forum/viewmessage.php?topic_id=196798
Be sure to hit me up on Twitter @creamyturtle
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