I think it is a great concept....short time...great fun....paisa usul....i was skeptical about the format before...but now I am big fan of IPL. Test matches are interesting to watch when India is playing against australia or Australia is playing against South Afria...other than matches involving 2 of these 3 countries a test match becomes a boring affair but IPL is fun to watch whatever teams are playing as unexpected results can happen in any match and match can turn in matter of few balls.

PS. I give the credit to ICL (Zee Network) for coming up with brilliant idea of 20-20 league though BCCI and Mr. Modi are acting as if it is there own idea.