There are a number of big (and familiar) names taking part, including Ivanchuk, Gelfand, Aronian etc Showing how strong it is, Alexi Shirov is on Board 4(!) for the top seeds SOCAR Azerbaijan.
The official site http://ecc2010.chessdom.com/ is carrying live coverage of the tournament, though not all games it seems. However the selection clearly favours the 2600+ GM clashes with Michael Adams v Dejan Bojkov one of this evenings games.
I'm keeping an eye on the event, not so much for the top end, but because I support (yes you can support chess teams) White Rose, who sit somewhat further down the tree. But teams chess can throw up some upset results and I'm hoping this will be the case this year.