As far as international hockey goes, the biggest stage should be the Olympics.
If the NHL does decide to pull out and put on a best on best, I think the idea proposed won't be bad...I just don't like having a mixed Euro team, a KHL champion in the "World Cup". Call it the Bettman Cup of Global Hockey Excellence but the world cup title should be used only on a country vs country basis.
I like the idea of two Canadian teams...perhaps players can be selected similar to the Australia State of Origin series in rugby league...where you select the players based on where they got their start in the sport?
http://en.wikipedia.org/wiki/State_of_Origin_series
Quebec or Francophone Canadians can have their own team.
Angelea Merkel can be the honouary captain of the Mixed Euros.