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i think they should drop the intercontinental belt completey for the simple fact that they could bring in a higher level title.
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What the hell does that mean? Historically, the IC title has been one of the more prestigious titles in wrestling and has been a launching pad for wrestlers to move to the top of the company. HBK, The Rock, Triple H, hell as far back as Randy Savage...all of these men had very credible reigns as the IC champ before moving to the World Title.
Like RB said, the IC belt is a trophy for Orton. At the end of his reign, the WWE will try to feed us that he held the IC title for 9 months or whatever even though he never defended it and that's their version of credibility. Instead of shoving Orton down our throats, the WWE should be elevating the title and Orton at the same time by having him defend it more often.