If you don't mind, I'm gonna go full out on this. I personally don't see any reason to hate RedBull for what they are doing. Lots of cubers go on about how they are trying to replace the WCA, and they themselves have said they don't want to do that. If anyone even bothered to read it, they would also notice that they said they have taken note of the WCA and admire the work they have done for the community. If you have been to any comp, even if it was something like Nats or Worlds, you know that the community is very casual, you can go up to any person and start a conversation about anything at all. The WCA felt like it was getting too big, so they decided to add qualifying times for Nats 2016 to make it more formal. Now they do have reasons for doing that, but it also takes the fun out of it for some people. Imo, it would be better to just do something like having gone to 3 comps and competing in 5 events, then you can compete in everything. That would remove all the people who know how to solve a cube, but are only going because it is like 30 mins away and even if they did go, they must care about it a little bit. Now if you keep it like that, it makes it less competitive, meaning less room to grow. So how are you going to make it grow? You keep US nats and WCA worlds which are much better for competitor and you add Redbull WC for TV and stuff. You can get lots more viewers if its knockout, whereas WCA has just doing times and seeing who gets the best. If you go back to old Cubecast Episodes they wonder how it could grow and Redbull comes along taking that burden from the WCA. For the question, I think its totally cool as it isn't even WCA related.
What are your thoughts on Redi Cube, Kilominx...