Looking at ECW as strictly a 1-hour wrestling show, it is much better that those clusterfucks called TNA impact!.
As for the CM Punk/Johnny Nitro feud, so far it's good, and they've got two more shows before the PPV, so it can, and probably will, get better.
I forsee Elijah Burke getting the shot after Punk wins the title, Marcus Cor Von, I don't think will ever get a ECW title shot. They will probably move him to Smackdown at some point for a run at the World Heavyweight Title versus Edge. Just think of the Cutting Edge between the two!