Until the final format is revealed I will reserve judgement.
I like the idea of any progress that advances the game of rugby in NZ and any other nation, making the game bigger and stronger globally is the best end game.
For that to happen NZ / AUS / SA need to play each other at super level regularly, not doing this will be detrimental to each other.
Bringing Argentina into the fold is great as they offer a lot of potential to the game and having a super team that allows their international players to play together consistently can only improve there standard of play.
An Asian or other team gives the game global appeal and opens up new markets which will capitalize on the good work done by 7's, the initial team may struggle to perform but give it a few years and it may deliver.
This should not just be income based but also result based as well, SA traditionally has 2 super teams that finish in the bottom 4-5, right now you have 4 teams in the bottom 6 and Aus have 2. If you get another team it will most prob just sit at the bottom also. Yes SA should maybe get some reward for generating the lions share of the income but in reality do you need another team and will it add value anywhere?
I am not in favor of NZ getting another team as well, it would add no value and only weaken our current teams, it certainly would not strengthen our national side and would potentially weaken the ITM cup with a bit of player drain.