Obviously. But that doesn't make all of your points less flawed. Bulldogs and North combined still have over 60,000 members and supporter bases of probably over 100k each who go to games every year. The game will likely be at Etihad due to the cricket world cup so the capacity is only 50k. I just see very little to lose giving 2 of the Victorian clubs without a marquee game first shot at it.
The AFL isn't about being sentimental, it's about making money.
This sort of game just won't capture the imagination of Neutral Supporters.
Maybe the rules could be "tweaked" somewhat
2015: Bulldogs versus North ........loser drops out
2016: Bulldogs versus Saints .......again loser drops out
This sort of play to stay structure might be the fairest way for smaller clubs to get exposure, and maybe get neutrals to attend.