long term, if they increas the franchises, i think splitting it into two 6 team divisions would work, the top two going into the semi-finals. kinda like the america has east and west conferences.
india can easily support 12 teams, it would also keep the tournament at a reasonable length despite the expansion.
the one thing I hate is that all the players are currently going to be up for grabs, tendulkars thing about each team retaining 8 players (8 the bare minimum, more would also be fine) is an absolute must. I would imagine, was there to be a real loyalty to franchises, warne, watson and pathan should be very popular in rajasthan, it would be unfair for them to lose them all.