Yeah I agree with a lot of that. The only thing I will say is that the likes of Austin and Foley knew how to do a lot while seeming to not do much, they were much better sellers and masters of psyicogly than many of todays stars. Don't think wrestling is the problem right now, it is about the storylines, angles, characters and making lesser titles more important again. These are the things WWE need to focus on.
This isn't directed at you but in general. A lot of people fail to realize the IC title meant nothing after early 98. It was a hot potato all of 99.