If the semis is all EMEA. This could very well happen.
EMEA fans/talent would be hyped, and of course we would all understand why, but it would be a bad sign for the future health of the esport.
I think a lot of us want to believe VAL can be a truly global esport in that any region can have a team capable of being World Champions.
(And no, I wouldn't be happy if all 3 NA teams had made semis. That would be pretty bad as well)