They had great ideas and horrible execution due to who was running the show. If infomercial criminal Kevin Trudeau had more smarts than ego, he could've used his money to back the endeavor on a smaller scale (tournaments with $100,000 purses) and had a
respectable, honest person running the show. Had he taken that route, the IPT would've/could've been good for the game.
Kevin's ego was too big to step aside so he chose to be th front man. His "right hand man" tournament director, Deno Andrews is almost equally as egotistical so they were a nice fit - for each other. Not so much everyone else.
Ultimately, Kevin stood in front of all the IPT members (many who had quit their jobs because they
had to be at the 1st tournament* though only a handful of them were playing in it) that he was well aware the business model didn't make sense and he had no expecatations of making money in the beginning (he knew what was being talked about on here). It was then that he told people that he was going to fund the tour, out of his own pocket for 3 (or 4 yrs, my memory is fuzzy these days). If you count the first tournament (invitational where hall of famers were brought in during a later round) then I think the IPT had 3 (could've been just 2) tournaments where the players received their paychecks.
At the end of a tournament after everyone had incurred the travel cost to the event, expensive hotels, food, etc, (everyone was to get a check, even the people that finished last so the whole field was expecting payment) they were told "FedEx didn't deliver the checks".

They blamed it on someone in their office. Over time, the excuses changed but it took the players banding together to start talking lawsuit when the IPT came out with a "payment plan" of paying 11% every so often. They didn't really follow the "plan" but I do believe the IPT members were eventually paid in full.
During the time that they were making excuses for non-payment, they were still holding qualifiers and charging people $2000 entry knowing good & well these people were qualifying for a tournament that was never going to happen. (stealing) To my knowledge there are some people that never got a full reimbursement of that $2000.
My exact details are fuzzy due to the amount of time that its been but my post is the gist of the situation. In answer to your question - No, they are not good for pool. (IMO)