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It is the ECW Title now.

ECW! ECW! ECW!

Why do people keep asking questions about the "world title" against any other title?? They are all made up anyway, so what difference does it make?? Not like tthe WWE "World Title" is sent to Japan and whatnot.. It's just a WWE prop..

It was referred as the ECW World title before Johnny Nitro won it.

Yeah, but it's not like that means anything.. They should call it the FTW Title..

How many (Insert Wrestling Promotion Here)-fans-4-life are there on TPWW?

too many

I think it's seen as somewhere between a World Title and a top title. I remember Big Show calling himself a five-time World Champion, which only makes sense if the ECW Title is considered as such. I think they originally intended it to be as such, but as ECW found its niche as a place for veterans to teach rookies, and as a "guily pleasure" brand, it doesn't really have the crossover value to the other brands to be considered a true World Title.

Some of the men who held it don't help its cause: Johnny Nitro got the title in a pinch immediately after teaming with Kenny Dykstra. Chavo Guerrero won the belt, and although he is a tremendous talent, he's not exactly "Mr. Credible." Kane and Mark Henry got the title, and while both have the size to be threats to anybody, their booking and/or general worth on either of the other two brands made it seem like "consolation" at best. Then there was Matt Hardy, who described his career (including winning the ECW Title) as "mediocre" compared to Jeff's.

Plus, I haven't actually heard the ECW Title referred to as a "World Title" on WWE TV for a long time, whereas the WWE Title and World Heavyweight Title are almost treated as interchangeable substitutes for one another.

I think the hierarchy in the WWE looks something like this:

WWE Championship
World Heavyweight Championship

Royal Rumble

ECW Championship

Money in the Bank
King of the Ring

Intercontinental Championship
United States Championship

They treat the WWE Championship and the World Heavyweight Championship as similar as they have a lineage to I guess the NWA World Heavyweight Championship.

I think Money In The Bank is treated way better than the ECW World Title

I only put it below the ECW Title because it is often stressed that the MITB winner can challenge for the ECW Title if they want to. CM Punk was originally going to use his title shot for that, until he was drafted away to RAW.

Whereas, something like the Royal Rumble has had the ECW Champion competing in it. They did present The Undertaker with the option of facing the ECW Champion in 2007, but since then, the ECW Title hasn't even been considered.