I don't keep up with Smackdown at all, so can't comment on that. SD is practically non-existent to me.
I've only just been watching Raw again the last couple of weeks (before that, I was merely keeping up with it by reading spoilers and whatnot.) So far, it's an average show, not bad but not all that great either. Things I like are CM Punk and Jericho's feud getting going, I love the progress so far on the Triple H/Taker issue (the HHH/HBK promo was awesome on Raw), I love watching Dolph Ziggler's matches (though he could perhaps be a bit more charismatic) and that's almost about it. I think Kane putting the mask back on was silly, though his feud with Cena is ok. I'm waiting for the real buildup for The Rock/Cena feud to start, rather than just them tweeting back and forth with insults like a couple of teenagers. And I don't care at all about whatever the Divas do. Everything else is just mildly entertaining, I suppose.