Settle down everyone, like this would seriously ever happen. Even if it did it would be on some deep ass ultimate cable channel like Fusion South, or NatGeo Jr. where no one would ever see it.
Would it be totally fake like all of reality TV? Yes.
Would it be bad for the hobby like may think? Possibly. Why? because while most of us on here are smart fellas, many, MANY, FAR TOO MANY dum dums out there actually think that most reality tv is real. They think wrestling, and pawn stars, and the bachelor, and tv psychics, and all of that dumb horse shit is real, so sure it could be bad for the hobby if it paints us in a gross light. Im sure there are respectable storage auction enthusiasts that groan at storage wars, Im sure storage auctions were far more cowded with people after that show started too.
Besides, that godawful dub step is the worst thing for the hobby possible.
Someone mentioned darts earlier, possibly Aurich, and how you can watch that on some deep espn channel. Filmed competitive pinball I think would be the best possible representation of the hobby. Possibly the most viable too. The production costs would be much lower, you get some sponsors to stick their logos up there, thrown in the human element with some backstory or chatting between matches, put up some fun facts and history crawlers at the bottom of the screen. Thats much more feasible and way better for the hobby in my opinion.