IPL:CRICKETAINMENT OR PLAIN SIMPLE BORING?

So the 5th edition of the IPL is underway, and of what we've seen so far, it seems to be lacking that excitement and intensity that the first 2-3 editions had.TRP ratings have taken a tumble, with broadcasters in certain countries refusing to telecast it.Moviemakers who were scared to release their films during the ipl, seem to be happy now to do so.So, what has changed?

1.To begin with, the man who started it off, Lalit Modi isn't part of the administrative setup anymore,people may say he isn't that important and so it shouldn't matter!but the truth is that it does,and all the controversy surrounding his departure hasnt helped the cause of the IPL.
2.The IPL comes along once in a year, but during those 2 months there seems to be an overdose of it, with television channels even telecasting after parties and news channels going into ipl updates overdrive!
3.There seems to be a lot of player swapping going on, if you're not closely following your team, u might even not be aware that there are some faces missing from your team, and new ones have been taken in.For ex: how many of you knew that Ross Taylor had been sold by Rajasthan to Delhi for 1.2MN! I'm sure most people weren't even aware that a transfer system existed!
4.Most matches seem to be one-sided, draining the crowd and the viewers of the drama and excitement that comes with closely contested games! Just take the case of the matches we have seen so far this season, all of the matches so far have been one sided!
5.Most of the top players are unavailable as they are reporting for national duty, an ipl window is a necessity!
6.Certain teams seem to get preferential treatment.The Chairman of BCCI owns the Chennai team! now how can that be allowed? how is it fair? Mumbai with their money power seem to be snatching players away from other teams, doesn't a salary cap apply to them? if it is within the laws, why isnt it being made public? There are many such questions that are still unanswered.
The BCCI seems to be making a lot of money despite of all this, and i'm sure they are not going the change anything drastically, so it is safe to say that at this rate the ipl is going to fade away!