Thanks for all the replies and references.
I'm already shooting 3-Gun. (And love it!) For a change, I guess I was looking for something a little slower paced and more precise than the 3-Gun I"ve been shooting around here. Less beat the clock and more emphasis on a well placed shot. Most of the rifle COF's I've been involved with have been short-range CQB style, 35yds or less with IPSC/IDPA type scoring, sometimes steel plates out to about 200yds.
Standard paper punching isn't what I was looking for either, although it may be a good exercise. I did find one site that under the high power rifle catagory was listing things like dum-dum suckers, balloons and empty soda cans as targets at various ranges. Hmmm...
What I would envision is a COF with ranges to about 300yds with most shots in the 50 to 150 yard range with targets 1-2MOA in size. Cover, concealment and hostages as obstacles. Firing from braced positions, maybe from around corners, under vehicles, etc. Does this describe any thing existing you guys have shot?