What it is now is everyone can play in it and the dead rubbers are awful, the elite competition should just be for the elite teams that win their respective leagues IMO but it isn't going to happen because money talks.
This seeding and coefficient nonsense has got to end too, if they are going to stick with the format the way it is (They wont because some idiot will change the format again just because they can) they need to stop giving "Bigger" leagues more teams giving those countries a better chance of winning the competition.