I'm glad we all agree. "Elevation" X is basically like the scaffold match which was created by Jim Crockett back in the NWA in the 80s. There's a reason why they don't have scaffold matches anymore, because they're BORING and they're DANGEROUS. I think bringing that concept back is...well...kinda Blue.
On the other hand, the original Ultimate X match with ropes is IMO one of the most original ideas for a match. In fact, if my memory serves me correctly, it was the Ultimate X match that really turned me on to TNA.