I'll probably give it a look-see. I'm not sure if I have the "Versus" channel or if I would have to pay extra for it.
I gave the XFL a try too, I even have a few of their games on tape somewhere. The problem with that league, though, wasn't the gimmicks, it's that the football itself was dull.
That's why I don't think this league, or a new USFL, or any other FL will succeed. Even with all the college football programs in the country, NFL teams still seem to have trouble finding guys good enough to play at that level. On the one hand that means there's plenty of guys available for these other leagues, but on the other, their rosters are full of guys who can't cut it in the NFL.
I mean, look at NFL Europe. Even as a division of the NFL, they couldn't cut it because they didn't have the players. For every Kurt Warner, there were dozens upon dozens of guys you never heard of. I used to watch those games, and it always seemed like just a step above the average preseason game.
The Arena League caught on because it modified the sport to emphasize scoring and by keeping ticket prices low; it became more about the bells and whistles than the game itself. So the Arena League doesn't really compare.
Just my $.02.