Problem with this tournament is that there is no meaning and history to it. If Hockey wishes to create a Football style World Cup, 8 teams are not enough. A tournament is valued only if everyone participating cares, no one apart from Canadians will watch this tournament, and no fans from Europe will fly over to come watch. Another aspect that's important is too have fans of the World come fly in to support their nation no matter where it is. I hope this is a long term goal, because it will most likely take probably upwards of 10 years (2-3 versions) for this tournament to mean anything to the World and then again, I don't think it will suddenly until it's held around Europe and different countries.
They should not have started this tournament in Canada to begin with if they're serious about anything. But like most professional leagues only $ matters so it's a good quick cash grab on their part.
Until then, I hope the National Hockey League does not damage the only true International Hockey tournament that matters and exists, and continues their participation.
The FIFA World Cup was a bit of a joke it's first three times.