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Well the only way any other company is going to "cause WWE problems" is by going head-to-head with them on TV and PPV, and that really serves no purpose.
There could be room for several major wrestling promotions in the US, they could coexist (willingly or not) as the sheer vastness of the market could ensure that 5 or 6 major companies could tour 51 weeks a year and rarely clash in the same locale. It depends on their visibility (TV deals) and ability to create their own stars, as Vince snaps up all the worthwhile talent using his financial superiority so they would have to be creative and lucky.
So anyway to answer your question, feasibly, yes there could be many major promotions... depending on factors such as 'would any station air their TV show', 'do they have enough financial backing to effectively promote and keep their stars' , and as long as they aren't stupid enough to, as you say, try to "cause WWE problems" because that is not the key to building a successful company. Clean up the shit on your own doorstep before hitting the streets with a pooper scooper. (TNA, taking notes?)
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