You're right, the balance is needed. Getting rid of all the rules was not a smart thing to do! I imagine the same thing would happen in any spectator sport if you were to remove the rules. Having people that are sailing savy in the front office is paramount. And I don't believe dumbing down is required to make things a spectator sport. Some of the nuances as to what constitutes a foul in basketball still elude me...
Starting along the beach on a reach for the spectators would be good, eliminating the sailing rules? Uh, certainly not. All the major spectator sports still have rules to follow. So obviously some smarts need to be applied, which sounds like it might have been missing a bit before.