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If this was WWE I'd absolutely mock them, as we should, for moving the title onto Matt Hardy instead of two younger talents.
However.
1. It was a nice moment for the home crowd
2. It's very difficult for TNA to invest in the future when long term is such an unknown. May as well put it on a recogniseable name, that may at least help them get a new TV home.
Good for Matt. I'd prefer EC3 keeping the belt, but he's still unpinned, so he's still technically not conquered, so a baby face (like Drew Galloway hopefully) can still chase to be the one to finally pin him, and hopefully with the WHC on the line.