The Mosconi Cup is designed to pit five of the best American players against five of the best European players, similar to the Ryder Cup in golf. I would be all in favor of a woman representing either side, IF she was qualified. Let's say for instance Jasmin plays the entire Eurotour and is ranked #1, then she should be on the team. Or if Allison or Karen won the U.S. Open, they would have to be seriously considered for the European squad.
Are any of the above likely to happen? No. Could they happen? Yes. I'm all for full equality in professional pool, and if a woman is deserving she should be invited to any and all "Invitational" type events, such as the Mosconi Cup. That said, I think the idea of a women's "Mosconi Cup" type event isn't a bad one. Perhaps Asia vs. The Rest Of The World makes more sense though.