I've thought about this a little bit. I think play-by-play would be okay-ish, but to have live play-by-play the sim would first need to be interesting. I have a hard time following it, and in it's present form, I don't think an announcer or pair of announcers would help a lot. If the play-by-play was good, I could follow that, but I'd still have a hard time matching it up with the sim and I'd just have to take their word for it.
The main thing I think needs to happen, is the sim needs to slow down and be easier to follow along with. I think once that happens, there could easily be some play-by-play announcers. They could mix in stuff from the wiki entries along with describing the action, and you might have a pretty interesting product. With a good sim paired with good announcing, I think the sky is the limit after that. There could even end up being enough YouTube views to make it profitable. There might end up being sponsors. Who knows.
The main thing I think needs to happen, is the sim needs to slow down and be easier to follow along with. I think once that happens, there could easily be some play-by-play announcers. They could mix in stuff from the wiki entries along with describing the action, and you might have a pretty interesting product. With a good sim paired with good announcing, I think the sky is the limit after that. There could even end up being enough YouTube views to make it profitable. There might end up being sponsors. Who knows.