You would have to say New Zealand and Australia will be favourites to meet in the final. But if England can put their best team on the park they have a chance of an upset and sneaking in. France are in there for the experience and I don't expect them to win a game. But if they can run one of the other nations close that would be great.
All in all the concept is good and it will give other nations the chance to rumble with the big boys via the Euro and Pacific Cups
This will improve then 2nd tier nations which is what international rugby league needs.