I'll have to agree with what THE BKB said, he may not be as valuable as you think, but he does his job well as being talent enhancement. Look at what he did with Matt. They're on again off again feud is actually doing quite well, and their ring chemistry is great. If Henry didn't help out Hardy, then how would it look if/when the strong up in comer Swagger feuds with and perhaps beat Hardy for the title. So although they haven't feuded or had a match, Henry actually has helped out Swagger as well by making Matt look good.