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There is a multi table tournament forum on here as well that this might fit better under, but Hold'em Strategies is for everything i guess so here isn't too bad either.
If the blinds are creeping very very slowly the obvious advantage is that you don't have to play a lot of hands in order to keep a steady chip count. The blinds are basically insignificant for the first few levels, and if the levels are long, that means you get dealt more hands before the blinds start having a noticeable affect on your stack.
Most mediocre to good players are going to be very tight in the opening hours of a tournament like this, developing reads and waiting for a good time to get their money in the pot when they know they have an edge because there is no need to risk chips when there is no risk of losing your chips if you wait for a better spot. Watch out for players who are not playing many hands when the blinds are small if they get aggressive one hand, or decide to limp in, they probably have the best of it and you should be careful without good cards yourself. Try to be one of these players, and you will get steal opportunities too when your opponents start to notice.
Alternatively, this blind structure gives you the benefit of being able to point out the fish quicker who have no idea what the affect of the slow blind increase is. They will continue to play lots of hands and play them poorly. Wait for a good spot to get your money in with a good hand vs. someone who is playing aggressively with low blinds, they are dumbies and will give you their moneys.
Keep your head on strait and be patient is the best advice for any tournament Good luck
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