T20 leagues in England

Finally, ECB has announced that there would be T20 leagues in England and to everyone's surprise there will be two of them. This is required to keep all counties happy as well as to make commercial success.
After talking a lot about supremacy of Test matches, ECB has finally bitten the bullet and take a call which is neither here nor there. I doubt if this would be a commercial success though ECB seems to have done a lot of number crunching on this. They have tried to please all counties but forgot that international season for England would be badly impacted.
It would be interesting to hear comments from English media which was very critical of IPL for its money oriented ways and also format of cricket. ICC had just talked about overkill of T20 and we now are going to see two more T20 competitions. Besides, International cricket will also take a hit. Lets see how english media responds to this now after their hostile reaction to IPL.
In terms of economics, this does not look to me as going to be as successful as IPL or even successful at all. English market is miniscule as compared to Indian market for cricket and ECB would have factored in a lot of interest coming from India to take care of finances. Though I see some interest on first competition (only top tier) but second competition does not interest me at all. Even for first competition, it would depend on Indian participation. What happens if IPL decides to extend its season from May end to June end as there will practically be no international matches at this time after EPL comes into picture? What happens if BCCI does not let Indian players play in EPL and schedule international matches instead? We will have to wait for two years and see what happens.

But there are some lessons for BCCI in this as well. There will be T20 matches in England now for practically all season in the second competition. Probably this is modelled on EPL (football). Why can't BCCI do the same in India? The market is much bigger and appetite is much higher for cricket. This competition will not be as successful as IPL but will become feeding ground for IPL and throw up some very good players who can also become household names like international cricketers. It will come down to how well these games are marketed as there is huge appetite for cricket and there will be lot of competition in these games as stakes are very high for participating players.