Really awesome show -- it's amazing what they can do in a short amount of time. Though, I think any challenger is facing an uphill battle because of the inherent favortism for the Iron Chefs. I have only watched three of them, but in one of the episodes, the Iron Chef really should have lost (the French one). That bothered me (it was the one where the guy brought his own rice and sake).
Oh, and Emeril couldn't cook his way out of a box. If you throw enough garlic into anything, it'll taste like, well, garlic. I can cook better than that boob.