Florida Drupal Empire - Branding Poll, runoff proposal

In the interest of keeping everything as democratic as possible, now that round 1 of the Florida Drupal Empire Branding poll is closed I wanted to propose that we use a standard two-round system to decide the winner:

The two-round system (also known as the second ballot, 
runoff voting or ballotage) is a voting system used to elect 
a single winner where the voter casts a single vote for their 
chosen candidate. However, if no candidate receives the 
required number of votes (usually an absolute majority or 
40-45% with a winning margin of 5-15%), then those 
candidates having less than a certain proportion of the 
votes, or all but the two candidates receiving the most 
votes, are eliminated, and a second round of voting 
occurs.

In our case, I propose that we limit our choices to the two candidates who garnered the most votes: the Drupal Diver and Drupal City.

Is everyone cool with this type of runoff? If not, alternatives? Discussion?

Thanks,
-mike