The wwe has gone vastly downhill ever since wcw went down the drain, after the takeover from the alliance and all that crap its seemed like the script writers dont need to write the best script possilbe every single week as they now dont have a competator for top spot.
With 3 world title belts, it doesnt seem as important anymore to win one of them and titles are changeing hands whenever to whoever, when back then you practically had to be the best and to get beat by the best to win the only world title, not anymore, with people like CM Punk, Rey Mysterio, Jeff Hardy, JBL etc etc having held a World Title.
But one big mistake they made was makeing different wrestlers on smackdown and raw and bringing back ecw.
When it was the same wrestlers on both smackdown and raw everyweek with great scripts and that one big world title, the wwe was a class act.