I thought Henry made a decent ECW champ. PERIOD (Although slightly dented by the unnecessary addition of Tony Atlas), but from memory, yup ya prob right, tho' that particular Matt Hardy seems to be long gone.
When he returned from his illness, fair enough he was a bit out of shape and rusty, but that doesn't seem to be getting any better.
Even though I never thought of him as world champ material, it's still sad, really... Guy's had some shitty breaks (especially the whole sacking during the Edge debacle and the subsequent gettig lost in the mix on SD' soon after and later the broken arm thwarting what looked like a half decent heel run on the back of his fued with Jeff).