Diamond opportunity

IAAF delegates are due to meet in Monaco to discuss the formation of a 'Diamond League' for athletics. This would entail creating a circuit, something akin to tennis' ATP circuit, that would pit leading competitors against each other a number of times, internationally, across the year. Is the league a good idea? Is it needed? Is it a way of enhancing the best features and qualities of athletics, particularly during harsh economic times, thereby securing its future? Will it make the athletics season more accessible and clearer to sports fans? Will it make the most of top-level athletes? Or is it simply elitist, favouring a small number of top athletes rather than athletics as a whole? Isn't it simply yet another case of the impending commercialisation and polarisation of a sport out of which the upper echleons of the sport benefit but few others do? Is it really about coordination and rationalisation, or more about utilising 'star' assets more effectively? There also remains a fundamental question: what's wrong with athletics as it stands?