Capcom has announced today that the free Championship mode DLC for Street Fighter IV will be hitting Xbox Live and PSN on April 24th. Championship Mode allows players to compete in five different levels of tournaments and gain Grade Points for wins that can be used to enter more exclusive tournaments. See the grading below.

• SG Championship (SUPER GRADE): 5 rounds long. The highest grade championship in which only top players can participate.
• G1 Championship (GRADE 1):? rounds long, for advanced players
• G2 Championship (GRADE2 2): 4 rounds long, for intermediate players
• G3 Championship (GRADE3) 3 rounds long, for beginners
• FREE Championship (Free Grade): 4 rounds long, open to anyone regardless of their level.

Replay Mode will allow players to re-watch the big matches and tournaments as well.

• On the PlayStation Network, you can rate matches while you watch according to characteristics such as “ awesome” or “ funny.” Replays are then ranked based on these vote ratings.
• On Xbox Live, instead of rating the matches, you can choose to download and save your favorite replays to study the players’ techniques. Y ou’ ll also be able to turn on the input commands from both players to be able to review their button and joystick motions in precise detail.

For more information head on over to Capcom Unity and the official blog post.