In the mid 1990s, when the comic-book character gimmicks were in full swing, KoTR was an excellent PPV. I agree the concept should be brought back, however the way I would book it is slightly different to the ways suggested here, and I definately wouldn't have a whole PPV dedicated to it.
I'd have two 8-man tournaments featuring mid and upper mid card talent; one on Raw, one on Smackdown, leading up to a PPV. The final, Raw's winner vs. Smackdown's winner, would be held on the PPV - Bragging Rights, Night of Champions and MiTB all have credible enough names for the match to take place on that card. The final would be either the last-but-one or the last-but-two match on the night, and the winner would get a title shot at a future PPV. An excellent opportunity for them to push an up and coming mid-carder and / or have someone switch brands by giving them a shot at a belt from the other brand.
KoTR is such a great concept that I think they could definately revive it if it were handled differently to before. Reviving the entire PPV wouldn't work nowadays.
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