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I always thought that the IC title should be held by guys that you thought had a chance to be WWF champion eventually as well. When guys like The Rock, Triple H, Ken Shamrock, Kurt Angle, Chris Benoit, Chris Jericho, and a few years before that with Razor Ramon, Bret Hart, Shawn Michaels, etc, had the IC belt, they had the feel of a main eventer, even though I guess they were technically in the upper mid card.
That being said, it seems recently as the belt had become merely a stepping stone for the WWE title instead of a credible belt on its own. Want to make Randy Orton a main eventer? Just strap the IC title around him for a while until he gets the feel of a main eventer. Eventually the prestige of the title wore off with that sort of thinking. Guys like Umaga and Jeff Hardy, as of late, have kept the title reasonably close to the main event scene, rather than giving the belt to someone like Paul London, who would defend the title on Sunday Night Heat.
The problem with RAW right now is that there plainly just are not enough wrestlers on the roster to stabilize an upper mid card, meaning it's hard to maintain consistent credibility to the IC belt at this point in time. I'm trying not to get the roster split involved in this, but it's hard not to when trying to contemplate an issue like this.
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