Fellas this is starting to look like a new era in Basketball. Slowly but surely the euro leagues are starting to attract NBA american born talent over seas. I believe there will be major changes to the way NBA does business in the long run and some type of intergration of a Euro-NBA league championships is imenant I believe. It will would be too profitable for David Stern and the NBA not to get involved with these euro teams some way or another.
It may well be a new era --- but i think there was similar sentiment when Brian Shaw and Danny Ferry "defected" in the early-90s.
Rather than European expansion, which i fear is in the NBA's plans, I think it would behoove the NBA to establish a real 1:1 triple-A farm system, with a resultant expansion of the Salary cap and modification of the salary rookie scale (esp. the restricted FA part).
It would keep the best talent in the NBA, and create more jobs for players like Dee Brown and Anthony Parker to keep them from having to go overseas. I imagine 90% of players would rather stay in the US and play. for roughly equal money.