Nope 16 groups of 3. Top 2 go through to a 32 team stage. 12 groups of 4 also suggested, but still with a round of 32. Basically the old 24 team format only twice as big.
I like my setup better.
J: You still eating? K: I'm still hungry. (CK 1941) T: You should lay off those candy bars. (TOE 1958)