You did a really good job of explaining why you are cynical of the product, and I think I understand that. What I don't understand is why you still watch it?? I know you say that since WCW folded and TNA is god-awful, the WWE is your "only choice"... but you always have the choice to turn of the TV, change the channel, go outside, create your own storylines on 2010 where Triple H opens the show and Shelton Benjamin is the WWE champion, etc.
If my sole reason for watching is to hope and pray that one of my guys gets pushed, then I think that for me it would be a waste of time (though I have seen Angle, Orton, Cena, and Miz pushed in my time as a fan). I'd rather go to the gym and play basketball, catch up on some work, spend time with the GF, watch any number of the TV shows, movies, or Rockets games that I love, engage in discussions like this on OS, hang with friends etc.
A whim and a prayer is not worth my time which is why I wonder if the IWC gets something else out of putting down the product. 5 hours a week plus PPV's is too much time to invest in something I dislike.