I wouldn't. It's poor.
Personally I'd go back to the old C&G format - straight knockout, with all Major and Minor counties involved, plus all the Board XIs - first 2 rounds a la FA Cup with the big fish coming in in the 3rd round.
Then I'd have a combined First-Class and one-day league - same games, same everything, except a points-tally combined. This'd cut down on travel costs - massively - and make it harder to try in one form and not the other. You could include Ireland and Scotland in an ideal World.
Then, of course, you'd have the short'n'sharp Twenty20 Cup in the middle of the summer, which would be done-and-dusted ASAP, so as not to kill the golden goose.
Ideally, too, one-day league games would be 45 or 50 overs, not 40.