That is a Solid, very solid idea. Lets face it, All the teams in Division 2 are not going to compete with division 1 for another 5 years.

10 teams - paid 1.3 million each from sky money
maximum oversea's quota 4 players.
Can only poach other teams players after they have spent a minimum of 3 years playing first team rugby.
First team rugby is achieved in one season after playing 5 games or more.

1. St helens
2. Leeds Rhinos
3. Warrington wolves
4. Widnes Vikings
5. Wigan Warriors
6. Hull FC
7. Hull kingston rovers
8. Catalan Dragons
9. Huddersfield Giants
10. Bradford Bulls

10 teams - 5.2 million gained for league 2
Maximum overseas quota 4.
Players trained by each academy must spend 3 years with their respective team.
Teams paid .5 million each season in sky money

1. Celtic Crusaders
2. Castleford Tigers
3. Salford City Reds
4. Harlequins
5. Halifax
6. Barrow Raiders
7. Leigh Centurions
8. Fetherstone
9. Toulouse Rugby
10. Wakefield Wildcats

Promotion and relegation in place for leagues 2 and 3.
Franchise application every 2 years for superleague and league 1.

Applicants must have won the league in one of those two seasons to be promoted
Applicants must be financially stable, and must have spent the entire cap allowance for 2 years.
Applicants need a stadium capcity of 10,000+

Salary cap to set at maximum of 1 million pounds a season. Breach of Salary cap revokes the access to sky money for the rest of the season.
No ability to de-register players.

Any thoughts?

It was always going to be a nothing game from the minute Wigan won the semi final.

Isn't there also a bit of an attitude problem across SL as well? In the NRL when a team ships a lot of points there's a genuinely a shocked reaction, and you rarely see a team get hammered two weeks in a row - beaten yes, but not humiliated. A lot of SL sides seem to simply shrug their shoulders and walk to the next beating. I also cannot recall seeing an NRL side throw in the towel quite as obviously as SL teams do on occasion.

I take your point, but when was the last time you saw as big a mis-match as when Wire/Wigan played someone like Wakefield or Quins?

I was thinking exactly the same thing. whilst it does happen it would be a very extraordinary game.
Not sure how interpretation of the rules would affect this, if the PTB was implemented to the letter of the law the margins would be even bigger.
SL has become a game of running hard fast and straight with few risks, if a defending team can handle that but the other team cannot uncompetitive scorelines are enviteable. The majority of teams have to sort out their defences, tackling and reading of the game.