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Looking at that card, there are two young talents on it. 2 out of the 16. Both of which are now the only main event talents in WWE at this time. While it's a nice card from top to bottom, it doesn't develop much young talent at all. There has to be a mix of the future and present on these cards.
As for the lower tier belts, I don't think it's necessarily the time. I think it's more a matter of prestige. It used to mean something to win the IC or Tag titles. These matches made it on PPVs and would be a rather big thing moment on free TV to see defended. The Tag Team title can barely get its way on to Raw these days and I think a lot of fans would have a hard time even telling you who held the US/IC championships. Maybe that means building better storylines for it (Miz/Bryan is the only decent one they've had in years), giving it more time or better placement on the shows, or just getting the guys to act like it's more than an accessory.
Maybe condensing the titles would be a good thing too. Or merging the brands for that matter. I always thought it would be an interesting idea to turn Raw into the main event show and then have Smackdown feature the midcarders and tag teams more prominently. Perhaps seeing a Tag Team Championship match as your main event on that show.
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