I find the idea intriguing in concept (though the details are vague to say the least), but I am very wary of how the idea will be executed in practice.
Travel baseball is dominated by certain parts of the country where baseball can be played more or less year round. The top teams there are very good - I don't mean to suggest otherwise - but second- and third-tier teams from those areas tend to get more attention than they deserve, relative to top teams from cold-weather regions. I fear that this will be set up to be just another political game teams (and players) will have to play if they want the kind of attention being promised.
I don't mean to offer them up as any kind of true authority, but what I am talking about can be seen in who TravelBallSelect identifies as All-America players and "Players to Watch." Last year, I looked at this, to identify political biases (without really commenting on the worthiness of any particular player - I am sure they are all fine players):
I looked at the four different lists of 14U 2011 Players to Watch (my son played 14U in 2011, and is a 2015 grad-to-be). Excluding California (14 players) and Texas (13), who were well-represented, of the 107 players identified/honored, how many do you think came from the "west" (broadly defined here for the purposes of argument, using the line down the eastern borders of ND, SD, NE, KS, OK, and TX)? Eight players. If you include the 27 CA and TX kids, 35 out of 107 came from the half to roughly two-thirds of the geographical territory of the US. In contrast, the not-so-warm, rust-belt climes of IL-OH-MI-PA and Ontario had 24 players. Eight states had at least five players honored (MD, NC, OH, TX, FL, GA, CA, and IL), and collectively they had 76 of the 107 players listed. Without denigrating anyone or any program, those numbers are so far out of whack as to require several large grains of salt.... I just have a hard time believing that, outside of TX and CA, no better than 8% of kids playing in better than half of the western U.S. (and including several highly-ranked teams, according to TBS) even rate a mention....
In the end, none of this matters much. The only rankings that really matter are those of college recruiters and pro scouts, and if a kid is any good, he will be usually be given an opportunity to compete and shine. And any claim to be the "top" this or "best" that really doesn't mean much until it is decided between the lines.
BUT, when you see this at the PLAYER level, I can only imagine that it will be worse at the TEAM level.
If there isn't some way to ensure that there is truly regional competition, and that entry is available based on merit, my reaction is one big "meh."
I also think that there will be some lag between the start of this and getting teams to give up on the existing leagues they participate in, in favor of this.
Kudos to these folks for the effort, though. While I might be colored skeptical, I truly hope it works as they say it will.