They've avoided the two feuds which could have potentially been Punk's true breakout feuds. Orton punted Punk resulting in him losing the title...nothing happened. Jericho won Punk's title..nothing happened.
Indeed they would have been great fueds, but ya gotta figure with where Orton & Jericho have been since, Punk would have gone on to lose Think of it as a protective strategy. They DID have Orton/Punk one-on-one on Raw and Orton/Priceless heeled for the win. Then he ended up having a mid-card title reign, a sweeeeet PPV match with Rey and a pretty decent 6 months since in general anyway. He'll be ok.... They just have him 'on ice' atm.
When Jericho won Punk's WHC I actually thought there would have been a great feud there...but again the WWE dropped thje ball like they have so many times.
It's not dropping the ball at all.
Punk's beef was with Orton for putting him out of the match (and rightly so)... Jericho played no part in Punk's undoing. He'd already lost the title by virtue of not being able to contend/defend.