Not to be combative, but I always think it's hilarious when people talk about the IWC ON THE INTERNET. Face it, you are part of the IWC. Everyone here is part of it. I don't get this mindset that people have that they can come onto wrestling sites, talk about wrestling all the time ONLINE, but claim that they are not part of the IWC.
As far as Cody Rhodes goes, there are many reasons why PEOPLE like him. Personally, I am not the hugest Cody fan. I was personally sick of the Bloodline story and wanted someone else to have the belt than Roman. It got irritating to me.
Cody and WWE invoked the name of Dusty Rhodes into this angle. A lot of the love for Cody is because of his father and the family legacy. Dusty was incredibly popular and that legacy went to Cody. Dustin, unfortunately, became too much of a joke with Goldust. So it fell onto Cody. A lot of that cheering was for Dusty.
People like things or people because they find it appealing. It's not something that needs to be explained, why you like something.