I would love to see it work out for the benefit of all players interested in pool. But I do see a lot of problems with the overall structure as it is now.
The room I play out of has several IPT Players (Sigel is one), so I do hear a lot from them. The Florida Pro Tour also has a lot of IPT players.
Everyone has to remember that the IPT is a business venture for KT and not created for just the love of pool players. So if it doesn't show a profit or being headed toward a profit in the near future I don't see it surviving long. The IPT needs a lot more major sponsorship, but first has to figure out a marketing strategy to get it interested.
There also seems to be internal problems with the format and qualifying structure. KT is depending on the wrong audience if he is looking for money from 99% of pool players which are just working people. Out of the millions of pool players less than .000001% actually make a living playing pool. The qualifying cost is way too high for most players to risk to just go to another qualifier.
These are just my opinions. But for the IPT to succeed I don't believe it will even resemble the current structure down the road.
I do wish the IPT and all of the players and dreamers the very best for the future
(also no category for me to vote in as I am holding out any judgement of it)