Teams like Latvia and the like have absolutely no chance of winning. Next, aside from the most hardcore of hockey fans, who is going to want to watch games like Switzerland vs. Slovenia on a regular basis? Absolutely no one.
Whether or not you think its stupid to do this, you at least have to concede that the games would be far more interesting for casual fans. Also, as someone with a lot of exposure to people from these 'rest of the world' countries, they would absolutely get behind this team. As for the young guns, why the hell not. Seeing a team of U23 stars, whatever the protocol, is way better than watching Switzerland trap for 60 minutes hoping they can somehow get a 1-0 upset win.
I disagree. I love watching games between the small powers and I love watching the small powers try to beat the super powers through strategy and heart.