Nah, maybe it would've worked with Oblivion but I don't think it would fit very well in Skyrim, medieval was so five years ago.
Did you ever ride a horse in Oblivion? I did, and based on that I don't think jousting would have worked
at all.
Besides, wouldn't Skyrim be more likely to host "The Tamriel Series of Drunken Barroom Brawling?"