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Jeff Hardy's WWE title reign was definitely weak, especially considering the build-up (beating the likes of Undertaker and Triple H, the angle of being attacked before his big title shot at Survivor Series, beating Edge and Trips in the triple threat at Armageddon). He never defended the title until Royal Rumble, when he lost to Edge to kick off the feud with Matt, and I'm not even sure he wrestled on SmackDown between the title win and title loss. The entire reign was only done to start what ended up being a lackluster feud for WrestleMania.
Punk's first World Heavyweight title reign was also weak, but it seems like all MITB cash-in reigns are.
The second title reigns for both were much better, though, and it turns out they were intertwined. Honestly one of my favorite feuds of the past few years, but that's a different subject.
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