Today G7 Teams released the first ever Quakelive Rankings. The first tournamnet was held this past weekend at Quakecon, where SK.Rapha took home the first place check of $14,000.
Current Quakelive Ranking:
1. 
SK.Rapha
2. 
Fnatic.Spart1e
3. 
srs.Cypher
4. EG.Dahang
5. Gravitas.destrukt
Ill.fox
EG.griffin
Fnatic.Stermy
You can download the full rankings here.
Source: g7