I don't dislike the league, as long as everyone is on the up and up with it. No one really ever moves on from outlaw leagues to league that they couldn't have made anyways, most Midget aged players could play D3 in my opinion.
That said, if the kid wants to find a fun place to play to keep in shape and stay in hockey, have at it. I don't know if its fair to suggest that if someone is playing in this league then they are not saving for college, but I think we generally agree. If anyone is joining this league in hopes of getting an OHL or D1 deal, I think their going to be greatly disappointed.
I quit playing hockey early after it was obvious I wasn't going to be a pro, my biggest regret. I missed the fun of being with a team.