I'd like it better if it didn't offer a bonus point to the game, and every game were worth 3 points, but it's increased interest in regular season games a bunch since implementation.
They've been stripped of their title and must forfeit all their wins because they weren't using players from their district. It was a running joke throughout the year the past few years in the area anyway, but it's a shame for the kids.
Also, Kirk Hinrich is now the least valuable player in the NBA, having contributed a net of nearly -60 points (-2 wins!) to the Bulls. To get an idea of how detrimental that is, it's essentially Nikola Mirotic's value to the team this year.