Hear me out on this, and have a think....
Do we really want a show which does reviews of kit, technical stuff etc?? Think about the old Top Gear, yes it had worthwhle reviews on it but it was a bit "dry". I like the new Top Gear as its entertainment with cars.
Soooooo transfer that to bikes. Have 2/3 presenters, maybe a downhiller/trick rider, one roadie, one beardy touring/singlespeed person. Programme could mix a bit of banter with some Top gear ish features - challenges, races, visits to special events, larking around on bikes. That'd make a great show and I think would entertain people and get them interested in cycling if they weren't already but were curious.
If you make a sports programme geared towards the people who already cycle, you'r never going to please a decent amount of people as they'll always say "why isn't there more x, less y", or "its too technical/not technical enough" or "too much/little mtb/road/bmx/track blah blah".
An entertaining programme would interest the cyclists (Im already thinking some challenges - coast to coast on £100 bikes maybe??) and show the non-cyclists that cycling can actually be fun. Might shake the kinda non-mainstream image that cycling has (I know this is changing steadily though).