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Let's look at other aspects viewing of games etc - free to air / alternatives to Foxtel eg Netflix / amazon
Cheaper and interesting destinations travel. Sponsorship interest from asian airlines like airAsia Cathy pacific virgin Malaysian airliines etc. a win win for nations involved for tourism.
Not a competition that would compete with SR but compliment it. Maybe some competition cross pollination occurring once a new board has been installed at ARU level eg miniature version of champions league in soccer in a knock out comp.
Fact is we are only limited by our imagination and desire for rugby. The worst that can happen is it would fail. The best is we increase the popularity of rugby and make competition around the world more competitive from we point of view. If we can get WR on side maybe able to subsidise games in Fiji for example to ensure they get to play as a professional team on home soil.
Who knows - worth exploring and I'd watch if only to thumb my nose at the aru