Stanford smelt of ego, depseration and greed yes, but it's not the same as 20/20 being rubbish, it's not. I know people think it's a gross bastardisation of the game, and if that's the case then their is nothing that can you say other than deal with it. What do they really want to happen, Twenty20 removed from the calendars? A PR coup extraordinaire for all those new fans T20 has made for itself eh?

And it
is drawing in new fans, don't doubt it. Attendances are increasing year on year and i don't reckon it's a coincidence county championship attendances have been on the up either. The players love playing it, cricket is now playing to it's biggest ever audiences(avg 11,000 a match in aus, 7,000 here, 58,000 for the IPL), it's fun and it's exciting. You say it's a novelty but i know lots of people including myself who love it and i don't think any of us are stupid enough to be duped into liking something by flashy kits and blasts of 'jump around' and 'song 2' everytime someone hits a boundary... It's goddamn fun to watch.
Anecdotaly i can think of 6 or 7 rugby and football friends who have stated that they can't see the point of longer formats of cricket but who have been tempted down by the slogathon and really enjoyed it. A few of them have subsequently shown interest in longer versions of the great game and one of them memorably even came to a few days of county championship cricket last season too(he didn't take to that as quickly but i have high hopes for him!). And even if they don't catch the bug for the 'proper' format(s), then it's still money into the cricket clubs pockets that is desperately needed and simply wasn't there a decade ago.
Test and county cricket are ultimately where it's at, but i dread to think where they would be without the shorter formats, i really do. No money, no academies, crumbling grounds, poor infrastructure, and it's only recognisable public face, the gurning Geoffrey Boycott. No thanks.
(And pro 40 has always been crap!)