The story I heard is that Jerry is on the downhill side. Apparently, he says little more than what he hears from backstage. That's very different from how it was during the Attitude Era, when he could be counted on to carry commentary with JR.
Cole calls matches well and shills what he's supposed to shill. The superstar of the commentary crew is JBL, who says what he's supposed to, but can fill time when they're not telling him what to say as well (also, if you've never seen him on the Saturday morning business block on the Fox News Channel, he's equally entertaining there...and quite knowledgeable about Wall Street and the business community...but be warned, he's even more libertarian than Kane).
I'm wondering what role Booker's going to play now that he's not Smackdown GM any longer. I feel like they need a new play-by-play guy to work Smackdown with Booker as commentator and have Cole and JBL on Raw, then have Cole, JBL, and Booker on PPV's. Or have Cole, JBL, and Booker on both shows.
But to the original point, I really hope Jerry is on his way out. It's gotten way past him.
wk