^^ I agree we're not ready but if for some weird reason it get hits in the subcontinent specially India then BCCI is going to exploit it without any doubt.
It happened with the T-20 so i don't think BCCI is going to ignore another milking cow, if it's realistic business model.
I really don't have any problem with a certain cricket board exploiting something that is legal, but the problem that I have is if this gets a good amount of popularity I think cricket is going to lose the actual skill that is needed to play. Everyone is just going to go and try to smash the ball out of the field and I think bowlers are going to lose their relevance.
As per the terms and conditions of the IPL, the BCCI can't come up with another league that can become the competitor. Unless the BCCI allows the existing franchises to take part in the new T10 league (without any franchise fee), I don't believe that the other side will agree to the proposal. But in this case, the BCCI doesn't gain much. Anyway, I am not comfortable with some of the rules, such as the "mystery free hit". It can be easily manipulated based on voting and I am afraid that it is going to be another disaster like the much hyped "super sub".
Actually, cricket was not ready for this. And this is going to be confusing as well as some of the rules can also be quite manipulative. I really don't think that this should be a big hit, I hope that it does not get very popular for the sake of cricket.