Another pure money grab by the NHL (much like the Stadium series). The format is a gimmick, no matter how you try and justify it. It just doesn't seem right to me for some reason. Sometimes you are best served leaving well enough alone. The World Cup works in soccer, and it can work in hockey as well. But , in the end, does it really matter? Nobody (outside of Canada) is going to care about this tournament anyways.
But if you are going to change it, why not take the best 184 players in the world and hold a fantasy draft to select the teams? No country affiliations at all, and still the same high level of play and skill that purportedly is the basis for this format. In fact, it would be an even better tournament because the teams (in theory) would be more evenly skilled.